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Us and Japan: short sellers fell sharply
2022-07-28
1185
Fundamental analysis:
The U.S. dollar remained volatile around 136.373 against the yen, and buyers such as Japanese Importers almost had to buy on bargain hunting, and this trading method may continue. At present, for the United States and Japan at the current price, the market outlook is divided, and it is possible to develop in either direction.
USD JPY - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the low-level Bull Power remained volatile, the upward trend continued, and the short-term resistance was rapid. The short power waited for the opportunity to enter and moved downward. The MACD index hovered below the 0 axis, and the RSI index was in a narrow range under the 50 equilibrium line;
Long short turning point: 136.525
Pressing position: 136.796, 137.090
Support position: 136.100, 135.880
Trading strategy: bearish below 136.525, target 136.100, 135.880
Alternative strategy: bullish above 136.525, target 136.796, 137.090
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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