Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 02 - 04:55 AM

USD/JPY - Should Continue To Be Propped By Tested Fibo Support

By Martin Miller  —  Nov 02 - 02:54 AM
  • USD/JPY found support at 113.26 last week, just below the 113.28 Fibo

  • 113.28 Fibo is a 23.6% retrace of the 108.73 to 114.69 rise

  • Expectation is for further gains towards the 115.00 psychological level

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

  • We are looking to get long at 113.30 in anticipation for a bull extension

  • Only a daily close under the 113.28 Fibo will weaken spot

  • USD/JPY Trader TGM2336. EUR/JPY range, on Tuesday, has been 131.87-132.37

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
!