USDJPY: The pair continues to retain its downside pressure on correction. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. Its daily RSI bearish and pointing lower supporting this view. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. On the whole, USDJPY looks to pullback on price rejection.
Top Finance
Search
New Posts
All Of The Grants Given By The U.S. CHIPS Act All of the Grants Given by the U.S. CHIPS Act Data and Company Highlights
Financial Assets And Inflation Inflation-Linked Bonds Commodities Gold Bonds Equities Concluding Remarks
Add Economic Moats To Your Stock Analysis Protection offered by economic moats
Microsoft Adds AI-Powered Capabilities To Predict Emissions Impact Of Actions To Sustainability Platform
Three New Dividend Growth Companies For A Retirement Nest Egg The Value of Dividends Three Dividend Growth Stocks That Can Help Fund Your Nest Egg
Leave A Comment