Market Overview

USD/JPY Technicals – 3 Black Crows seen at 61.8% Fib Retracement

Hourly Chart

Price rallied early Monday morning before BOJ's monetary policy meeting. However price begin falling after touching 81.60 briefly, forming 3 Black Crows candlestick pattern in the process.

Daily Chart

The significance of the 3 Black Crows bearish reversal is furthered by the 61.8% Fib Retracement acting as resistance.


Get OANDA's exclusive weekly Market Pulse FX

Email Address: Preferred Format:

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Markets Trading Ideas


Related Articles

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional