Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 15 - 02:55 AM

USD/JPY - On The Cusp Of Being Rejected By Thick Cloud Resistance

By Martin Miller  —  Sep 15 - 02:10 AM
  • USD/JPY drops below the thick daily cloud that now spans 105.72-107.02

  • A daily close under the cloud would up the risk for a bearish cycle

  • Scope would grow for July's 104.20 low and 103.67 Fibonacci level

  • 103.67 Fibo is a 76.4% retrace of the 101.18 to 111.71 March (EBS) rise

  • We remain short at 106.30, target remains at 105.35, stop lowered to 106.20

  • EUR/JPY range so far has been 125.33-125.70 (EBS). USD/JPY Trader TGM2336

  • Dollar bulls subdued against yen due to very thick daily cloud nL1N2G90C6

Daily Ichimoku 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
© 2020 eFXdata · All Rights Reserved
!