Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 30 - 04:55 AM

USD/JPY - Bulls Advance Within The Cloud, A Key Fibo Unmasked

By Martin Miller  —  Jun 30 - 02:35 AM
  • USD/JPY bulls continue to make headway within the thickening daily cloud

  • The thick daily cloud now spans the 107.23-108.43 region

  • Bulls managed to force a break and daily close above the 107.52 Fibo

  • 107.52 Fibo is a 38.2% retrace of the 109.85 to 106.08 June (EBS) drop

  • Near-term outlook strengthened, the cloud top is coming into play

  • The initial focus shifts to the 107.97 Fibo (50%)

  • EUR/JPY has seen a 120.84-121.17 range, according to EBS prices

  • USD/JPY Trader TGM2336. Previous update nL1N2E608P

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
© 2020 eFXdata · All Rights Reserved
!