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USDJPY - Consolidation To Precede Fresh Extension Of Recovery Leg From 100.00

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair consolidates under fresh recovery high at 106.30, which was retested today, where daily 55SMA limits upside action for now. Overall structure remains bullish and favors further upside extension of recovery leg from 100.00 support, with focus on strong barriers at 106.67/74 (Fibo 61.8% of 111.43/98.98 downleg / lower top of 24 June).[​IMG]

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