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USDJPY - Strong Recovery Consolidates Under 105.00 Barrier, Focus Remains At The Upside

Discussion in 'Technical Analysis' started by Kaitlin, Jul 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The pair consolidates strong recovery rally of past two days that peaked at 104.97 and retraced 76.4% of 106.78/98.98 fall. Near-term price action holds just under 104.97 peak, after downside attempts were contained above initial support at 103.80 (double Fibo support - 23.6% of 99.97/104.97 rally / broken 61.8% of 106.78/98.98 fall).[​IMG]

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