Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 06 - 04:55 AM

USD/JPY - Bias Remains Positive While Key Fibo Support Props

By Martin Miller  —  Jul 06 - 02:43 AM
  • USD/JPY still has potential for gains while the 110.67 Fibo support props

  • 110.67 Fibo is a 23.6% retrace of the 107.48 to 111.66 (April to July) rise

  • Fourteen-day momentum remains positive, just, highlighting the bullish bias

  • Scope remains for an eventual break above the 2020 111.71 (EBS) peak

  • We are now long at 111.00 in anticipation for a bullish resumption

  • EUR/JPY sees 131.45-131.80 on EBS. USD/JPY Trader TGM2336nL2N2OH0CI

Daily 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
© 2021 eFXdata · All Rights Reserved
!