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Aug 08 - 04:55 AM

USD/JPY - Cloud Breach Points The Dollar Skywards

By Peter Stoneham  —  Aug 08 - 02:45 AM

  • Constructive having based at 130.40 last week, just ahead of the 100DMA

  • Breach of the daily cloud top and 10-DMA adding to the bull move

  • Initial resistance at 135.95, 61.8% Fibo from 139.38-130.40

  • Daily momentum remains negative and RSI struggling to confirm recent gains

  • Last week's hammer candle (bullish) noted

  • We lean bullish while above the daily cloud but look for techs to align

    For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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