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Aug 06 - 06:12 AM
USD/JPY's Risk Grows For 55-DMA Break After Recent Fibo Fail
First appeared on eFXplus on Aug 06 - 04:05 AM
  • Bulls continue to reel after last week's failure to break above 112.19 Fibo
  • 112.19 Fibo = 61.8% retrace of the 113.18 to 110.58 recent fall
  • Bears gearing up for further losses down through the 55-DMA, now at 110.66
  • Decent supply is likely at kijun line, now at 111.73, offer at 111.60
  • USD/JPY risk of a drop increased after recent Fibo failure nL1N1UU069

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