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USDJPY: low volatility
2022-11-29
1200
Fundamental analysis:
USD/JPY remained volatile around 138.894. Japanese Prime Minister Fumio Kishida said that the government and the Bank of Japan should cooperate closely and respond flexibly to control inflation at a sustainable and stable level. Structural wage growth while achieving the target.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: low-level short positions are weak and fluctuating downward, short-term support is reversed and upward, the market bulls have signs of waiting for an opportunity to enter the market, the MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;
Long-short turning point: 138.658
Suppression: 139.492, 140.102
Support: 138.082, 137.594
Trading strategy: Bullish above 138.658, target 139.492, 140.102
Alternative strategy: bearish below 138.658, target 138.082, 137.594
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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