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Sep 01 - 04:55 AM

USD/JPY - Bulls On Course To Force A Close Above Daily Cloud

By Martin Miller  —  Sep 01 - 02:51 AM
  • USD/JPY bulls are looking to register a daily close above the daily cloud

  • That after failures above it on Thursday and Friday last week

  • The thin daily cloud currently spans the 110.10-11 region

  • A daily close above the cloud will reduce the risk of a relapse

  • Long lower shadow on Tue's candlestick is a bullish sign

  • USD/JPY Trader TGM2336. EUR/JPY EBS range has been 129.89-130.11 Wednesday

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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