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Jan 03 - 09:48 PM
USD/JPY - Still Smothered, But Shorts Wary Of Long-Tail Doji
First appeared on eFXplus on Jan 03 - 08:30 PM
  • USD/JPY tad lower but shorts wary of long-tailed doji on EBS
  • Signal of possible momentum exhaustion could keep bears away
  • Possibly strong US nonfarm payrolls today also deters shorts
  • US ADP Dec private payrolls data Thurs rose sharply nZON1YH900
  • 109.37 ceiling of downtrend channel may be good for cherry-picking
  • Collapse through weekly Ichimoku Cloud a bearish sign for USD/JPY

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