CM Trade

Download APP to receive bonus

GET

USDJPY: high order

2023-07-06
828
Fundamental analysis:

USD/JPY remained oscillating around 144.661. Japan and the European Union will cooperate towards the establishment of an "early warning mechanism" for sharing information in order to avoid shortages of semiconductors in emergencies.

US dollar yen USDJPY - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high level is maintained in the short term, the long-short dynamics of the market remain anxious in the short term, the MACD indicator is in a weak position on the upper side of the 0 axis, and the RSI indicator is in a weak position on the upper side of the 50 balance line;

Resistance levels: 145.039 145.319

Support levels: 144.158 143.836

Trading strategy: Bullish above 144.535, target 145.039 145.319
Alternative strategy: bearish below 144.535, target 144.158 143.836

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