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Thomson Reuters
Apr 09 - 05:00 AM
USD/JPY - Don't Write Off Bulls Just Yet, Daily Cloud Pivotal
First appeared on eFXplus on Apr 09 - 02:40 AM
  • Bears beginning to get the upper hand as 200DMA gives way
  • A thick band of support to slow downside progress
  • From 55DMA at 110.71 through 110.78 cloud top and 10DMA at 111.25
  • Positive 14-day momentum still feeding off the 109.95-111.83 bull run
  • Stochs sharply lower and Tenkan-Kijun lines poised to cross bear side
  • Daily cloud top could be pivotal and bulls have hope while above the cloud

USD/JPY Trader:

USD/JPY Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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