HomeContributorsTechnical AnalysisUSDJPY Probes Again Above Thickening Daily Cloud

USDJPY Probes Again Above Thickening Daily Cloud

The pair probes again above daily cloud (spanned between 114.29/114.99), on fresh strength from Monday’s low at 114.47, where cloud base contained pullback.

Daily cloud is thickening after last week’s twist and continues to underpin.

Fresh bulls require close above 114.99/115.08 (cloud top / 50% of 118.59/111.57 downleg) for confirmation.

Regain of last Friday’s spike high at 115.49 would open way towards next target at 115.91 (Fibo 61.8% of 118.59/111.57).

First support lies at 114.74 (session low), followed by rising Tenkan-sen (currently at 114.51) and cloud base at 144.29, reinforced by 10/55SMA bull-cross.

Res: 115.18, 115.49, 115.91, 116.33
Sup: 114.74, 114.51, 114.29, 114.00

Windsor Brokers Ltd
Windsor Brokers Ltdhttp://www.windsorbrokers.com/
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Featured Analysis

Learn Forex Trading