Japanese Yen was sold across the board as a major break to the topside on USD/JPY given the continued recovery in equity and debt markets. Potential to the topside is seen limited though as the Global economy further declines into recession in the coming months.
Technical Outlook:
YEN R1: 92.90 S1:91.50
R2: 93.10 S2:91.40
yen chart pattern indicates the currency to have a bull run for the day. Trading range for the day is expected between 91.70-92.80 levels .Currency is seen trading above the moving average and parabolic is also supporting bull note.
YEN R1: 92.90 S1:91.50
R2: 93.10 S2:91.40
yen chart pattern indicates the currency to have a bull run for the day. Trading range for the day is expected between 91.70-92.80 levels .Currency is seen trading above the moving average and parabolic is also supporting bull note.
No comments:
Post a Comment