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Thomson Reuters
May 06 - 05:00 AM
USD/JPY - Looking For The Gap Fill After Liquidity Vacuum
First appeared on eFXplus on May 06 - 02:50 AM
  • Thin markets, little liquidity and Tokyo holiday lead to liquity vacuum
  • Patchy bids lead to significant gap down at the Monday open
  • Now looking to fill 110.60 to 111.10 gap before fresh direction takes hold
  • Need a close back above 110.80 daily cloud to bolster gap fill potential
  • Fall was held at the cloud base, 110.31, this now major support
  • 50% Fibo, 112.40 to 110.29 in the pullback mix too

USD/JPY Trader:

USD/JPY Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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