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USDJPY - attempts above triangle top are short-lived for now

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro fell back below 1.12 handle and pressures 200SMA, currently at 1.1156, following repeated upside rejection yesterday. The pair was unable to break above strong barrier at 1.1317, daily Ichimoku cloud top and bear-trendline, connecting 1.1712/1.1458 peaks. Yesterday’s rejection at 1.1288, where lower top was left, completed hourly failure swing on slide below 1.12 pivot, shifting near-term focus towards the lower boundary of near-term range, formed between 200SMA and daily cloud

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