Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 08 - 05:55 AM

USD/JPY - Bulls Have A Chance As Trading Persists Above Key Fibo

By Martin Miller  —  Nov 08 - 03:53 AM
  • USD/JPY found support at 113.26 on October 28, just below the 113.28 Fibo

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

  • Consolidation persists above this Fibo, giving bulls hope of a recovery

  • However fourteen-day momentum turned negative on Thursday

  • A daily close under the 113.28 Fibo will weaken spot

  • USD/JPY Trader TGM2336. EUR/JPY EBS range, on Monday, has been 131.17-41

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
!