Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 03 - 05:55 PM

USD/JPY - Retest Of March's 110.97 Highs Would Complete A Measured Objective

By Randolph Donney  —  Jun 03 - 03:54 PM
  • Bullish USD/JPY session puts March's 110.97 high on EBS in play

  • 110.97 is also an ABC measured objective off May 25 & June 1 lows

  • Close above May's 110.20 high today would reinforce the bullish impulse

  • Widening Bolli bands and not yet overbought RSI affirm Thur's breakout

  • Upper 10-day Bolli nearby at 110.42 vs 110.315 high, but will rise Fri

  • Dip buying favored while above the 10-DMA & Tues's low at 109.47/33

For more click on FXBUZ


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
!