Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY reaches first rebound correction level at 148.97
Further to an earlier update, the USD/JPY has extended its gains and just now tested the 149 handle. The high seen has been set at 148.99 a moment ago. That means the USD/JPY has met its first technical rebound objective at 148.97. That price point represents a 38.2% correction of the 151.91-147.15 move. Of course it remains to be seen, if that is now the end of the rebound, or there is more to come. If there is, then the next objective in terms of Fibonacci levels would be the 50% pullback, at 149.53. The move higher since my last update here has also pushed the EUR/USD below the 1.09 handle, notwithstanding further upside in the EUR/JPY so far this morning. The USD/JPY is just now trading at 148.95
Market News
All News-
USD/JPY rises towards 144 after US consumer sentiment revised higher
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
-
US stocks turn lower as US data awaits - Dow Jones leads the way
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
-
Bitcoin has a look at 95k this afternoon
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
