USD/JPY: Reached 106.00/10 - scope for still higher

12:45 GMT - The break above the 105.77 weekly high of 5 February has reached the 106.00/10 area, where unwinding overbought intraday studies are prompting short-term consolidation. Daily stochastics and the Tension Indicator continue to track higher, however, and background weekly charts are positive, highlighting further gains in the coming sessions. A later close above 106.00/10 will extend January gains towards 106.50, ahead of the 107.15 Fibonacci retracement. Meanwhile, any break below 105.77 should stabilise above 105.50.
Chart PatternsfxTechnical IndicatorsjpyprofessionalTechnical AnalysisTrend AnalysisUSDUSDJPY

We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
他のメディア:

免責事項