Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 10 - 05:55 AM

USD/JPY - Has Seen Two Daily Closes In A Row Under A Key Fibo

By Martin Miller  —  Nov 10 - 03:42 AM
  • USD/JPY has registered two daily closes in a row under the 113.28 Fibo

  • 113.28 is a 23.6% retrace of the 108.73 to 114.69 (August to October) rise

  • That increases the scope for bigger losses towards 112.41 Fibo

  • 112.41 Fibo is a 38.2% retrace of the same 108.73 to 114.69 gain

  • 14-day momentum turned negative last week for the 1st time since Sept 22

  • USD/JPY Trader TGM2336. EUR/JPY EBS range, Wednesday, has been 130.68-91

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
!