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United States and Japan: high-level sorting up

2022-06-30
1297
Fundamental analysis:

The USD / JPY remained volatile around 136.573. Japan's retail sales increased for the third consecutive month in May, reinforcing people's view that strong consumption will lead the economic rebound in this quarter, despite the risk that rising inflation will bring to household spending for the rest of 2022.


USD / JPY - 4-hour K-line chart display:




Technical analysis:


According to the 4-hour chart, the indicator channel of the Bollinger belt has been fluctuating and moving upward for a long time, the Bollinger belt indicator has been moving upward slowly, the MACD indicator is in the long area to maintain the consolidation and upward, and the RSI indicator is in the weak wandering of the long area;


Multi empty turning point: 136.142


Pressing position: 137.120, 137.814


Support position: 135.400, 134.810


Trading strategy: bullish above 136.142, target 137.120, 137.814


Alternative strategy: bearish below 136.142, target 135.400, 134.810

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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