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Thomson Reuters
Jul 05 - 05:00 AM
USD/JPY - Retains Downside Skew, 200/30-DMAs Set For Tests
First appeared on eFXplus on Jul 05 - 02:40 AM
  • Spot will likely remain capped by the 30-day upper bollinger-band
  • The 30-day upper bollinger-band is currently at 111.13
  • Overall scope for an eventual breakdown below 200-DMA and 30-DMA
  • 200-DMA is now at 110.16 and the 30-DMA is now at 110.02
  • Looking to get short at 110.80 in anticipation for a bearish resumption
  • Daily momentum now turning negative. Stubborn longs in trouble nL1N1U0078

USD/JPY Trader:

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