Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 16 - 04:55 AM

USD/JPY - Double Close Under Key Fibo Is A Very Negative Sign

By Martin Miller  —  Apr 16 - 02:42 AM
  • USD/JPY's double daily close under 108.99 Fibo support is a very negative

  • 108.99 Fibo is 23.6% of the 102.60 to 110.97 (January to March) EBS rise

  • The chance of a deeper setback to the 107.77 Fibo is growing

  • 107.77 Fibo is 38.2% retrace of the same 102.60-110.97 gain

  • We are looking to get short at 109.20, ahead of the 30-DMA at 109.29

  • USD/JPY Trader TGM2336. Previous update nL1N2M80L7

  • EUR/JPY has seen a 129.98-130.27 range Friday according to EBS prices

Daily 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
!