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Nov 15 - 04:55 AM

USD/JPY - Could Soar If It Survives Friday's 'Cloud Twist'

By Martin Miller  —  Nov 15 - 03:25 AM
  1. USD/JPY has risen to break the 156.68 Fibo, bulls need a daily close above

  2. 156.68 Fibo, 76.4% retrace of the 161.96 to 139.58 (July to Sept) EBS drop

  3. Be mindful of the "cloud twist" Friday sub 146 which could see spot fall

  4. A "cloud twist" is when the cloud extremes, senkou spans A and B, cross

  5. If there are is not a significant relapse Friday, expect big gains

  6. USD/JPY trader TGM2336. Previous update nL1N3ML09L

Source:
Refinitiv IFR Research/Market Commentary

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