Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Aug 05 - 07:24 AM
USD/JPY - Drops Under Major Fibo, Close Below Would Be Ominous
First appeared on eFXplus on Aug 05 - 05:15 AM
  • Spot tumbles under major 106.06 Fibo, a 76.4% of the 104.10 to 112.40 rise
  • A daily close below which would significantly increase the downside risk
  • That would put 200-Month MA now at 104.44 and the 104.10 2019 low in focus
  • Looking to get short at 106.99 to take advantage of recovery attempts
  • EUR/JPY range has been 117.68-118.44. Previous USD/JPY update
  • USD/JPY biggest weekly drop of 2019 raises Japan's fears

USD/JPY Trader:

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
!