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

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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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