Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 05 - 05:55 PM

USD/JPY - Uptrend Stalled, But Bias Is Bullish Above The Cloud

By Randolph Donney  —  May 05 - 04:08 PM
  • USD/JPY uptrend is consolidating in back-to-back inside days

  • Fourth higher daily low keeps the bullish bias intact

  • Rising cloud top will be at Tuesday's 109.045 low on EBS on Thursday

  • Close above the 61.8% Fibo of March-April slide at 109.64 is key for uptrend

  • 110.97 2021 peak eyes on a close above 110

  • Monday's low and 38.2% of 107.48-9.695 rise at 108.90/85 pivotal support

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!