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USDJPY In Red For The Second Day As Daily Cloud Caps

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The pair remains at the back foot, following Monday’s close in red, after daily cloud base repeatedly capped upside attempts. Today’s price action eased from session high at 103.79 to 103.23 low, keeping initial support at 103.12/00 (yesterday’s low round/figure support) under pressure. Daily studies hold in bullish setup,[​IMG]

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