Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 28 - 10:55 PM

USD/JPY - Softer As USD Leads, But Rising Daily Cloud Supports

By Andrew M Spencer  —  Apr 28 - 08:04 PM

  • Off 0.1%, as Golden Week begins, after closing -0.1% - USD led

  • Expect JPY to be USD and risk led in Asia, tight range likely

  • Technically the move into the rising daily cloud on Friday short lived

  • Bounce stalled just short of 109.22 resistance, 50% March/April fall

  • 108.01 cloud top is initial support - cloud rises to 108.25 tomorrow

  • Horizontal Tenkan and Kijun lines, conflicting 5, 10 & 21 DMAs

  • Setup suggests choppy consolidation with rising cloud providing support

  • 108.28 Kijun line and 109 NY high initial support and resistance

For more click on FXBUZ
























jpy apr 29 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
!