简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: high rise
2023-06-25
739
Fundamental analysis:
USD/JPY remains oscillating around 143.789, USD/JPY appears to be overvalued, coupled with possible monetary policy tightening, the currency pair is expected to fall below 130 in the range of 6-12 months. The BOJ still underestimates inflationary pressures in Japan, and the persistence of underlying inflation will continue to weigh on the BOJ's ultra-dovish stance.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level bullish momentum continues to fluctuate and rise, the short-term bullish sentiment remains, the overall bullish trend of the market remains, the MACD indicator is in the bullish zone and continues to rise, and the RSI indicator is hovering at a high level in the bullish zone;
Resistance levels: 144.065 144.320
Support levels: 143.367 143.064
Trading strategy: Bullish above 143.633, target 144.065 144.320
Alternative strategy: bearish below 143.633, target 143.367 143.064
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
