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Nov 23 - 05:00 AM
USD/JPY - Fragile After Nasty "false Break" Above A Key Fibo
First appeared on eFXplus on Nov 23 - 02:45 AM
  • Thurs saw a spike above 113.26 Fibo, but failed to close above: false break
  • 113.26 Fibo is a 50% retrace of the 114.21 to 112.30 (EBS) fall
  • False break is a negative sign which leaves USD/JPY very vulnerable
  • Though the thick daily Ichimoku cloud (112.16-80) could provide some support
  • USD/JPY was already fragile due to last Fri's biggest daily drop since July
  • Offer now at 112.99. USD/JPY likely to see black Friday sales

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