Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Nov 26 - 06:12 AM
USD/JPY - Needs A Daily Close Above A Broken Fibo To Avoid A Drop
First appeared on eFXplus on Nov 26 - 04:30 AM
  • USD/JPY bulls have broken above 113.25 Fibonacci level
  • Direction to be determined by which side of 113.25 Fibo a daily close occurs
  • 113.25 Fibo is a 50% retrace of the 114.21 to 112.30 November (EBS) drop
  • We are short at 112.99 for a bearish resumption through the daily cloud
  • The daily cloud currently spans the 112.16-77 region
  • Our target is at 111.60, while our stop is above November 16 113.62 high

USD/JPY Trader:

Daily Cloud Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!