Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 18 - 05:55 PM

USD/JPY - Uptrend Corrects From Near Key 61.8% Fibo, 50% At 133.77 Now Props

By Randolph Donney  —  Apr 18 - 03:45 PM
  • USD/JPY's uptrend from March's lows nearly hit 61.8% of March's slide

  • 61.8% of March's 137.90-129.645 slide is at 134.75 vs Tues's 134.71 high

  • Pullback from there held above the cleared 50% Fibo at 133.77

  • Tues's pullback looks corrective, with many moving averages at 132.45-3.06

  • The daily tenkan has also crossed bullishly above the kijun

  • And today's high breached the falling 134.45 cloud top

  • A 134.75 breakout eyes the 76.4% Fibo and March 9 low at 135.95 on EBS

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
© 2023 eFXdata · All Rights Reserved
!