Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Mar 10 - 03:55 AM

USD/JPY's 'Bull Trap' And Upcoming 'Cloud Twist' Are Negatives

By Martin Miller  —  Mar 10 - 02:45 AM
  • USD/JPY's recent "bull trap" above 200-DMA, continues to weigh

  • A bull trap is set when a market breaks above a level but then reverses

  • A "cloud twist" circa 132.50 at the end of March could act as a magnet

  • Only a close above 200-DMA needed to negate bull trap, allay downside fears

  • USD/JPY Trader TGM2336. Previous update nL1N35H0N8

  • EUR/JPY range has been 143.90-144.96, on Friday, so far on the EBS

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved