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Thomson Reuters
Aug 07 - 06:12 AM
USD/JPY - REFILE-BUZZ-USD/JPY Set For A Likely Fall, Supply Near The Kijun Line
First appeared on eFXplus on Aug 07 - 04:00 AM

Added BUZZ to headline

  • Overall bias remains on downside, recent failure ahead of 112.19 Fibo weighs
  • 112.19 Fibo is a 61.8 percent retrace of the 113.18 to 110.58 (EBS) fall
  • This market remains a fade on rallies, we have placed our offer at 111.68
  • Offer is ahead of the kijun line which is currently at 111.73
  • Growing scope for a relapse to through the 55-DMA, which is now at 110.67
  • Trump a potent tool against a strong dollar nL1N1US23M

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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