Japanese Yen kept to a very tight range as the USD strengthened and Yen weakened broadly together. Most of the crosses were under pressure from the rise in risk aversion although USD/JPY was very well supported on dips under 95. April Retail Sales are forecast at -2.9% vs. -3.3%.
Technical Outlook:
R1: 96.80 S1:95.30
R2: 96.90 S2:95.20
Yen chart is expected to have a bullish move for the day . With the trading range between 95.40-96.70 levels. Stochastic and Relative strength index are seen trending up and momentum is also pointing up hinting a bull run.
R2: 96.90 S2:95.20
Yen chart is expected to have a bullish move for the day . With the trading range between 95.40-96.70 levels. Stochastic and Relative strength index are seen trending up and momentum is also pointing up hinting a bull run.
No comments:
Post a Comment