Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Dec 24 - 08:36 PM
USD/JPY - Data Keep Key Fibo, 10-DMA Magnetic; Double Top Risk Exists
First appeared on eFXplus on Dec 24 - 11:15 AM
  • Dec. Philly Fed services sees downside miss nAQN01QIWN, US$ falls slightly

  • UST yields fall from day's high after US Treasury 5-yr auction nAQN01QJTZ

  • US$ drop intensifies & is sold against the majors, USD/JPY nears 109.30

  • Pair turns down on the day, hugs the 61.8 Fib of 112.40-104.46 & the 10-DMA

  • Daily RSI heads lower, suggests downside momentum is growing

  • Two recent rallies above 109.70 fail, sharp rejections follow the failures

  • Double top risk grows, break below 108.40/45 zone confirms the double top

  • D-T pattern completion suggest USD/JPY could trade down near 107.10

chart: Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer