Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 19 - 05:55 PM

USD/JPY - Uptrend Well On Its Way To Next Hurdles At 135.95

By Randolph Donney  —  Apr 19 - 03:55 PM
  • USD/JPY uptrend claimed the 61.8% Fibo of March's slide at 134.75 Wednesday

  • Prices today made a new April high at 135.14 on EBS

  • That high is by the upper 10-day Bolli and channel top off March's lows

  • Thus a natural spot for a corrective pullback

  • Wednesday's pullback hit 134.29 near the daily cloud top before rising again

  • A close above 134.75 would target the 76.4% Fibo and March 9 low at 135.95

  • Daily RSIs are not overbought, but 10-d Bolli might limit the pace of gains

  • Wed's 133.96 low at 38.2% of the rise from last Thur's low is good support

  • The 50% Fibo and weekly tenkan at 133.77 is now major support

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!