Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 06 - 05:55 AM

USD/JPY's Downside Protected By Solid Fibo Support

By Martin Miller  —  Jul 06 - 03:35 AM
  • Daily tenkan and kijun lines are positive aligned = market bullish

  • Fourteen-day momentum remains positive, another bull sign

  • We are looking to get long on dips to 134.85 ahead of the 134.49 Fibo

  • The 134.49 Fibo is a 23.6% retrace of the 126.37-137.00 rise

  • Recent new 24-year high at 137.00 will remain a short-term target

  • EUR/JPY sees a 138.30-139.42 Wednesday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YL19T

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!