Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 22 - 04:55 PM

USD/JPY - Fade Trade Tests 105, Profit Stops Look Ok Above Key Moving Averages

By Randolph Donney  —  Feb 22 - 03:29 PM
  • USD/JPY fade trades near Feb's highs, 55-WMA, weekly cloud base hits 105

  • Stops can be brought into profit above the 200-DMA at 105.51

  • The 10-DMA and tenkan at 105.22/32 are also now resistance

  • Next prop's @104.84, the 76.4% of Feb's rise and 38.2% of the Jan-Feb rise

  • Major support is clustered at and by 104.41

  • Feb's low, 50% of Jan-Feb rise, weekly tenkan & 100-DMA are at 104.41

  • Also have the Jan. 11 swing high at 104.40 on EBS

  • Bearish overbought RSI divergence back to neutral, but still falling

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!