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U.S. and Japan: high level up

2022-06-29

1362

USDJPY

Fundamental analysis:

The USD / JPY remained volatile around 136.077, and the Bank of Japan still focused on the loose stimulus of the economy, rather than entering the period of monetary tightening like the mainstream central banks. The gradual widening of the interest rate gap between the United States and Japan will be an unavoidable topic affecting the trend of the yen.

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

Technical analysis:

According to the 4-hour chart, it has been maintained in the wide vibration in the Bollinger belt index channel for a long time, and the nodes near the continuous upper rail continue to move upward, the Bollinger belt index continues to open slowly, the MACD index remains in the long area above the 0 axis, and the RSI index is in the consolidation on the upper side of the 50 equilibrium line;

Multi empty turning point: 135.648

Pressing position: 136.628, 137.220

Support position: 135.001, 134.336

Trading strategy: bullish above 135.648, target 136.628, 137.220

Alternative strategy: bearish below 135.648, target 135.001, 134.336

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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U.S. and Japan: high level up

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