Japanese Yen continued to be sold as the market ran with multiple technical breaks and the USD/JPY pushed into month highs above 94. The Bank of Japan held as 0.1% but did downgrade the outlook for the economy for the 5th month in a row.
Technical Outlook:
R1: 94.80 S1:93.70
R2: 94.90 S2:93.50
Yen chart pattern indicates a bullish crossovers for the day . Trading range for the day is expected between 93.80 – 94.70 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: 94.90 S2:93.50
Yen chart pattern indicates a bullish crossovers for the day . Trading range for the day is expected between 93.80 – 94.70 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