Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 24 - 03:55 AM

USD/JPY - Bias Remains On The Upside As Bulls Tackle Key Fibo

By Martin Miller  —  Dec 24 - 02:38 AM
  • USD/JPY bulls managed to force a daily close above the 114.38 Fibo

  • 114.38 Fibo is a 61.8% retrace of 115.52 to 112.54 November setback

  • That unmasks 114.82 Fibo, 76.4% retrace of the same 115.52 to 112.54 drop

  • Fourteen-day momentum has been positive for six days in a row: bullish

  • Spot propped up by daily cloud, now spanning 112.04-113.85, through Dec

  • EUR/JPY has seen a very tight 129.50-129.66 range, according to EBS prices

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
© 2022 eFXdata · All Rights Reserved
!