Japanese Yen USD/JPY found support from USD strength early in the day and then continued higher as Yen Crosses rebounded from selling last week. The 90 level on the Yen remains intact and the market is very short the USD/JPY which could lead to a sharp short covering rally in US interest rate expectations change. .Technically speaking USDJPY charts have picked up small bullish momentum and is expected to trade in the range of 90.30-91.80 levels .Key resistance for the currency is seen at 92.00 . Good support is seen at 90.20 levels. Momentum and stochastic are seen trending up from oversold areas giving slight bullishness to the currency.
Subscribe to:
Post Comments (Atom)
2 comments:
Very interesting blog and a good posting. it's quite informative for readers. Thanks for sharing here..
Term papers
Thanks for your very useful Information. I will bookmark for next reference. I really liked this part of the article about "vkc research". I wait for the next post.
Do you want to know How to find out which Forex pair and time frame is best to trade
For more information to earn extra money Click Here Maybank2u Forex
Post a Comment