简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: Bears move down
2023-08-24
516
Fundamental analysis:
The dollar remained volatile against the yen near 144.844. Japan's manufacturing output and new orders shrank for the third consecutive month in August, but the rate of shrinkage slowed from the previous month. Employment was unchanged, snapping a 28-month streak of expansion.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high short-term momentum continues to fluctuate downward, the short-term decline may continue, the overall market sentiment is shrouded, the MACD indicator is finishing below the 0 axis, and the RSI indicator is hovering weakly below the 50 balance line;
Resistance levels: 145.287 145.600
Support levels: 144.507 144.211
Trading strategy: bearish below 145.000, target 144.507 144.211
Alternative strategy: Bullish above 145.000, target 145.287 145.600
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
