Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 28 - 01:55 PM

USD/JPY - Aggressive Dip Buying Puts Key Resistance Back In Focus

By Christopher Romano  —  Jun 28 - 12:15 PM
  • Recent USD/JPY drops below the 10-DMA have been short lived

  • Dip buyers emerged each time & USD/JPY could not close below the DMA

  • Today buyers emerged & bought the dip just ahead of the 10-DMA

  • A rally follows the two daily bull hammer candles from June 27 & 24

  • Daily RSI is rising after unwinding its recent overbought condition

  • Key resistance in the 136.70/137.00 zone is back in focus

  • Break of that zone could see psychological 140.00 level quickly tested

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!