USD/JPY: Extending pullback
13:20 GMT - The corrective pullback is extending, whilst daily stochastics and the Tension Indicator continue to track lower, with the break below 105.50 adding fresh weight to sentiment. Focus is turning to congestion around 105.00 and the 104.80 Fibonacci retracement, where already oversold intraday studies could prompt short-term consolidation. Meanwhile, immediate resistance is at 105.50. A close above here would help to stabilise price action, but a close above 106.00/10, not yet seen, will turn sentiment outright Positive and confirm continuation of January gains.
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We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.