Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 30 - 07:24 AM
USD/JPY - Propped By Cloud And Key Fibo, Sept's High Beckons
First appeared on eFXplus on Sep 30 - 05:05 AM
  • Scope grows for much bigger gains above 108.43 Fibo and 108.48 Sept. high

  • 108.43 Fibo is a 50% retrace of the 112.40 to 104.46 (April to August) drop

  • Last Wed's large white candle, closes above tenkan at 107.72, bullish

  • Last week bears ran into solid support just ahead of 106.94 Fibo

  • 106.94 Fibo is a 38.2% retrace of the 104.46 to 108.48 rise

  • EUR/JPY range has been 117.85-118.11. Previous USD/JPY update nL2N26I066

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
!