简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: oscillating down
2023-07-07
814
Fundamental analysis:
USD/JPY remained volatile around 144.051. Due to the risk of Japanese government intervention and the possibility of policy adjustments by the Bank of Japan, if the USD/JPY rises above 150 too quickly, another round of intervention may hit the market.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum remains volatile and downward. Although the short-term decline has weakened, it is still in a downward trend. The MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is weakly hovering below the 50 balance line;
Resistance levels: 144.457 144.705
Support levels: 143.836 143.620
Trading strategy: bearish below 144.229, target 143.836 143.620
Alternative strategy: Bullish above 144.229, target 144.457 144.705
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
