Japanese Yen tracked equities with crosses steadily falling in Asia before dropping sharply in the US session with those stocks falling over 4%. Household Confidence gained slightly to 26.4 vs. 26.2 previously.
Technical Outlook:
YEN R1: 91.00 S1:89.80
R2: 91.20 S2:89.50
Yen chart pattern indicates the currency to remain bearish note for the day giving a bearish crow pattern . Trading range for the day is expected between 89.90 – 90.80 levels . Momentum are seen trending down and is expected to give a small consolidation and Relative strength index is also supporting the same .
YEN R1: 91.00 S1:89.80
R2: 91.20 S2:89.50
Yen chart pattern indicates the currency to remain bearish note for the day giving a bearish crow pattern . Trading range for the day is expected between 89.90 – 90.80 levels . Momentum are seen trending down and is expected to give a small consolidation and Relative strength index is also supporting the same .
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