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Oct 05 - 05:55 PM

USD/JPY - Bulls Battle Same Technical Nemeses Since June

By Randolph Donney  —  Oct 05 - 03:20 PM
  • USD/JPY up by 55-day moving average & cloud that have capped since June

  • The 105.795 high on EBS is by the Sept. 30 high and 61.8% Fibo at 105.80

  • Both are by the cloud base and 55-DMA at 105.82/84

  • There hasn't been a close above both the cloud and 55-DMA since June 8

  • The cloud top is now flat at 106.18 until Oct. 15, 105.99 base Oct. 16

  • Tenkan, at today's 105.35 low, cleared the kijun; cloud top's now pivotal

  • A close above the 55-DMA would eye the 100-DMA at 106.58

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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