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Thomson Reuters
Sep 12 - 05:00 AM
USD/JPY - Registers Close Above Cloud Top, Scope Now For Fibo
First appeared on eFXplus on Sep 12 - 02:55 AM
  • Strong gains on Tuesday saw bulls register a close above the daily cloud top
  • The daily cloud top is currently at 111.59
  • This means overall the scope has grown for a test of the key 111.88 Fibo
  • 111.88 is a 61.8% retrace of the 113.18 to 109.78 (July to August) EBS fall
  • We have raised our bid to 111.25, this is well ahead of the tenkan line
  • Tenkan line is currently at 111.07, this was Tuesday's session low

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