简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: continued to fall
2023-07-11
761
Fundamental analysis:
The U.S. dollar against the yen remained volatile around 141.310, dragged down by the yen and U.S. stocks; when risk aversion heats up, funds usually flow into the safe-haven yen; Bank of Japan Osaka Branch Manager: Many companies in western Japan want the yen to stabilize.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen strongly, the short-term decline continues, the market as a whole has a strong downward trend, the MACD indicator is in the short-selling area and moves down strongly, and the RSI indicator is in the short-selling area and fluctuates at a low level;
Resistance levels: 141.695 141.910
Support levels: 141.114 140.950
Trading strategy: bearish below 141.439, target 141.114 140.950
Alternative strategy: Bullish above 141.439, target 141.695 141.910
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
