Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jul 27 - 05:00 AM
USD/JPY - Long Candle Tail Raises Odds Of A Downside Rejection
First appeared on eFXplus on Jul 27 - 03:00 AM
  • USD/JPY left a long tail on Thursday's candlestick line
  • Long tail highlights a market that is trying to reject the downside
  • Spot managed to break below 110.65 Fibo Thursday, but failed to close below
  • 110.65 Fibo, a 61.8% retrace of the 108.12 to 113.18 (May to July) EBS rise
  • We remain short at the 110.99 level, but the outlook is mixed
  • USD/JPY bears grappled with key Fibo on Thursday nL1N1UM060

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!