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Us and Japan: strong rise
2022-07-12
1187
Fundamental analysis:
The USD / JPY maintained a volatile rise near 137.407, and the market is not worried that the Bank of Japan will have excessive intervention in the exchange rate. However, under the strong situation of the US dollar, the yen still does not see an opportunity to reverse the decline for the time being.
USD JPY - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the bull power rose strongly, and there was no sign of stopping in the short term. The MACD index was in the bull region, and the consolidation was maintained and moved up, and the RSI index was in the high consolidation of the bull region;
Long short turning point: 137.260
Pressing position: 137.780, 138.242
Support position: 136.657, 136.137
Trading strategy: bullish above 137.260, target 137.780, 138.242
Alternative strategy: bearish below 137.260, target 136.657, 136.137
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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