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Thomson Reuters
May 01 - 09:48 PM
USD/JPY - Bid In Asia, But Strikes Cap And 200 DMA A Magnet
First appeared on eFXplus on May 01 - 07:50 PM
  • +0.1% after closing flat, despite Fed led volatility nL1N22D15N
  • Tokyo and China on holiday, so 111.50-55 1BLN strikes a likely magnet
  • 111.51 flat lining 200 DMA has been consistently tested since early March
  • Horizontal Tenkan & Kijun lines suggest consolidation rather than a trend
  • 111.61 NY high then 111.70 Tenkan line first resistance
  • 111.21 Kijun line then NY 111.00 low initial support

jpy may 2 Click here

Source:
Thomson Reuters IFR Markets

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