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USDJPY: high order

2023-08-23
722
Fundamental analysis:

The dollar remained volatile against the yen near 145.874. Bank of Japan Governor Kazuo Ueda: Discussed economic and financial conditions with Fumio Kishida. Forex market volatility is not specifically discussed.

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



Brief technical analysis:

Looking at the 4-hour chart: the high position is maintained, the market is in a state of anxiety for long positions and low openings, the MACD indicator is in the long position and the RSI index is hovering weakly above the 50 balance line;

Resistance levels: 146.380 146.640

Support levels: 145.600 145.340

Trading strategy: bearish below 146.066, target 145.600 145.340
Alternative strategy: Bullish above 146.066, target 146.380 146.640

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.

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