简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: low volatility
2023-03-24
884
Fundamental analysis:
USD/JPY remained volatile around 130.763, and the Fed raised interest rates dovishly; USD/JPY fell back as U.S. bond yields fell. If the interest rate hike cycle of European and American central banks begins to come to an end, it will undoubtedly be beneficial to the yen, and the pressure on the yen in terms of interest rate differentials may be greatly eased from then on.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum is fluctuating at a low level, and there are signs of continued shock and downward movement in the short term, the market is shrouded in bearish sentiment, the MACD indicator is in the bearish area and slowly moving down, and the RSI indicator is hovering below the 50 balance line;
Resistance levels: 131.391 131.787
Support: 130.366 130.011
Trading strategy: bearish below 130.953, target 130.366 130.011
Alternative strategy: Bullish above 130.953, target 131.391 131.787
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
