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Jul 26 - 04:55 PM

USD/JPY's Main Support Confirmed, Good Value For A Run At July High

By Randolph Donney  —  Jul 26 - 03:42 PM
  • USD/JPY's 110.115 Monday low is 1 tic above the 10-day moving average prop

  • High at 110.58 on EBS capped by Friday and last week's 110.59 high

  • 10-DMA a good value for buyers w stops below Fri's low, cloud top @109.92/86

  • Friday's close above the kijun, 50% of July drop & 21-DMA points higher

  • Last hurdles are the 61.8% Fibo and July 14 B-wave high at 110.67/70

  • Close above those targets the 111.66 July peak

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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