Japanese Yen continued with its recent theme of weakness, shrugging off its safe haven status to fall to new multi-month lows just under 95. The crosses took advantage as well but extreme weakness in US stocks saw gains pared back. Looking ahead for January BOJ Policy minutes.
Technical outlook:
R1: 95.86 S1:93.80
R2: 95.97 S2:93.50
Yen chart pattern indicates a bullish crossovers for the day . Trading range for the day is expected between 93.90 – 95.80 levels . Momentum are seen trending up and currency is seen trading above the moving average giving indication of a bull run . Parabolic is also supported the same
R2: 95.97 S2:93.50
Yen chart pattern indicates a bullish crossovers for the day . Trading range for the day is expected between 93.90 – 95.80 levels . Momentum are seen trending up and currency is seen trading above the moving average giving indication of a bull run . Parabolic is also supported the same
No comments:
Post a Comment