Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 02 - 04:55 AM

USD/JPY's Slump Puts The Near-Term Focus On The 200-DMA

By Martin Miller  —  Dec 02 - 02:50 AM
  • USD/JPY's slump has broken and closed under the 135.48 Fibo = bearish

  • 135.48 Fibo is a 76.4% retrace of the 130.40 to 151.94 (Aug to Oct) EBS rise

  • Fourteen-day momentum remains negative, reinforcing the negative outlook

  • Near-term focus is on 200-DMA at 134.52, a break below would weaken

  • Scope grows for much bigger losses to 131.74, 130.40 lows set back in August

  • USD/JPY Trader TGM2336. Previous nL1N32R0F6

  • EUR/JPY range has been 141.78-142.44, on Friday, according to EBS prices

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

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