简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: short term narrow range consolidation translation
2022-08-16
1160
Fundamental analysis:
The USD / JPY fluctuated around 133.287, and the trading of US Treasury bond yield was sluggish, which did not provide much impetus for bulls. Japan's GDP data in the second quarter was lower than expected, with a month on month growth of 0.5%, lower than the expected 0.6%. However, the Japanese yen still gained buying and reached a intraday high against the US dollar.
US dollar and Japanese yen USDJPY - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the short-term entangled low level maintains the weak consolidation and translation, the market is still weak, the MACD index hovers below the 0 axis, and the RSI index is in the narrow consolidation below the 50 equilibrium line;
Long and short turning point: 133.155
Pressing position: 133.876, 134.369
Support position: 132.674, 132.092
Trading strategy: bullish above 133.155, target 133.876, 134.369
Alternative strategy: bearish below 133.155, target 132.674, 132.092
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
