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Us and Japan: high volatility

2022-07-11
1254
Fundamental analysis:

The dollar fluctuated around 135.884 against the yen. Shinzo Abe, former Japanese Prime Minister, lost consciousness and fell to the ground after being shot in the chest during his speech in Nara, and died of serious injury.


USD JPY - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the narrow range oscillates upward for a long time, the amplitude space gradually narrows, the MACD index hovers weakly near the 0 axis, and the RSI index is in 50 balanced narrow range sorting on the online side;


Long short turning point: 135.884


Pressing position: 136.726, 137.186


Support position: 135.439, 134.842


Trading strategy: bullish above 135.884, target 136.726, 137.186


Alternative strategy: bearish below 135.884, target 135.439, 134.842

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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