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Thomson Reuters
May 04 - 07:24 AM
USD/JPY, EUR/JPY Bulls In Big Trouble Ahead Of U.S. NFPs
First appeared on eFXplus on May 04 - 05:35 AM
  • USD/JPY's Thu big one-day drop ups odds of Fibo/cloud top tests nL1N1SB064
  • USD/JPY range has been 108.94-109.23, tight trading ahead of U.S. NFPs
  • Recent pattern: USD/JPY has dropped in the days after NFPs in recent months
  • EUR/JPY falls from 130.92 to 130.40 this session, scope for Thu's 130.29 low
  • Talk EURJPY bids ahead of 130, but beware of big stops between 129.50-80
  • Cross weakness signals trouble ahead for EUR/USD, USD/JPY nL1N1SB06Y

EUR/JPY Daily Cloud Chart: Click here

Source:
Thomson Reuters IFR Markets

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