Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 29 - 04:55 AM

USD/JPY's Daily Close Under A Major Fibo Exposes Another One

By Martin Miller  —  Jul 29 - 02:35 AM
  • USD/JPY has seen a daily close under the major 105.20 Fibo

  • 105.20 Fibo is a 61.8% retrace of the 101.18 to 111.71 March recovery

  • Odds are growing for a deeper drop to the next major 103.67 Fibo

  • 103.67 Fibo is a 76.4% retrace of the same March gain

  • We are looking to get short on near-term recovery moves to 105.80

  • USD/JPY Trader TGM2336. Previous update nL2N2EZ0AD

  • When U.S. benchmark yield climbs, dollar often sags nL2N2EY23R

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!