Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 01 - 04:55 PM

USD/JPY - Dive Finally Finds Supports Ahead Of Key U.S. Data This Week

By Randolph Donney  —  Aug 01 - 02:40 PM

  • USD/JPY lost about a percent after holding key supports nL1N2ZD110

  • Mon's 131.60 lows neared prior key high, low & 61.8% Fibo @131.34-49

  • Also have the rising daily cloud base at 131.49 on Tuesday on EBS

  • Daily RSIs have swung from O/B to O/S, but no bottom signal made yet

  • With JOLTS Tues, ISM services Wed & NFP Fri, dntrend pause is plausible

  • A confirmed break below 131.34 could unleash drop to 126-127 supports

  • In between are the 100-DMA and June 2 low at 130.12/129.51

  • Nearby rsst is at 132.50/82/3.00, then 50-DMA & Fri's high at 134.36/67

For more click on FXBUZ


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
!