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USDJPY: low order

2022-12-12
1173
Fundamental analysis:
USD/JPY remained volatile around 136.466, and the peak expectation of the Fed raising interest rates was higher, and the USD is expected to remain strong. Weak domestic data showed Japan's real wages fell by the most in more than seven years in October, weakening the yen.
US dollar yen USDJPY - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum maintains a narrow range of consolidation and slows down, the short-term decline may continue, the overall bearish sentiment in the market continues, the MACD indicator hovers around the 0 axis, and the RSI indicator is in a weak consolidation near the 50 balance line;
Long-short turning point: 136.705
Suppression: 137.191, 137.632
Support: 135.944, 135.443
Trading strategy: bearish below 136.705, target 135.944, 135.443
Alternative strategies: Bullish above 136.705, target 137.191, 137.632

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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