Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 29 - 11:55 AM

USD/JPY - Bears Need To Force A Friday Close Under A Broken Fibo

By Martin Miller  —  Nov 29 - 10:55 AM
  • USD/JPY on Friday fell to break the 150.20 Fibo level

  • 150.20 Fibo is a 38.2% retrace of 139.58 to 156.76 (Sept to Nov) EBS rise

  • Those that are bearish need a daily close under 150.20 Fibo

  • That would likely lead to a bigger drop into the daily cloud

  • The daily cloud currently spans the 146.39-149.22 region

  • USD/JPY Trader TGM2336. Previous update nL2N3N007T

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!