Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 15 - 05:55 PM

USD/JPY - Bears Thwarted By Fibo, But Downtrend Intact Below 105.63

By Randolph Donney  —  Oct 15 - 03:40 PM
  • Two-day 105.04/05 EBS lows hold 50% Fibo of Sep-Oct rise at 105.055

  • Close above Tuesday's 105.625 high needed for on-close pivot point buy

  • Also have 30-DMA, tenkan and 50% Fibo of 106.11-5.04 drop at 105.55-575

  • Close below 105 would revive downtrend, targeting 76.4% Fibo at 104.50

  • Medium-term downtrend line from July drops to 105.93 on Friday

    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
© 2020 eFXdata · All Rights Reserved
!