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USDJPY Eases After Rejection At 104, Daily Cloud Top Holds Dips For Now

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair returned to daily cloud top, following yesterday’s failure to sustain gains above 104.00 barrier. Long-legged daily candle of Tuesday confirms hesitation ahead of strong resistance zone at 104.30/104.43 (former high of 02 Sep / Fibo 61.8% of larger 107.47/99.52 descend).[​IMG]

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