CM Trade

Download APP to receive bonus

GET

USDJPY: Bull concussion moves up

2022-11-22
1116
Fundamental analysis:

The dollar remained volatile against the yen at 142.065. Buffett's Berkshire is considering issuing bonds denominated in yen, which is another example of a series of global borrowers turning to the Japanese credit market. The global yen bond transaction is expected to take place in the near future, depending on market conditions, and the issuance scale and term have not yet been determined.


USD and JPY - 4-hour K line chart shows:




Technical analysis:

The 4-hour chart shows that the power of low position bulls kept moving up slowly, the potential of market bulls fermented, and began to rise gradually. The MACD index hovered on the upper side of the 0 axis, and the RSI index was in the weak sorting on the upper side of the 50 equilibrium line;

Empty turning point: 141.740

Pressing: 142.896, 143.635

Support: 140.982, 140.262

Trading strategy: upside 141.740 is bullish, target 142.896, 143.635

Alternative strategy: 141.740 lower bearish, target 140.982, 140.262

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More