Flash: Yen needs a key break at 103.00 - FXStreet

FXStreet (Guatemala) - Ivan Delgado is the Head of Asian Editors and he wrote in an article on USD/JPY, buyers made an impressive comeback for a retest of the cloud bottom, while regaining the upside of both the tenkan and the kijun.

Key Quotes:

“Price has been printing higher highs and higher lows for three consecutive sessions.”

“The key will now be a break through 102.70/103.00”

“For this week though, the chikou span remains stuck in a congested area, communicating possible struggles for price to take a decisive direction”.

“In terms of the future cloud, it continues to point towards an overall bearish sentiment”.

“Expect continuous failures overhead as large players get sidelined ahead of Friday’s US NFP”.