USDJPY analysis-may 14-18 views
The main exchange rates unchanged last week completed the USDJPY. To what extent interferes with the rhetoric from the Boj risk aversion was invalidated by the flow. Finance Minister increased speculation that Japan's foreign exchange market intervention in the case, the BoJ said. This was the only currency and United Kingdom pound last week and seeing Japan Yen increases support with large specifications (non-advertising) in United States dollars, in addition to the latest COT report.
USD/JPY range traded last week around the level exercise 80.00 while is seen bound to. Forex market volatility but average weekly covering the USD index and the range 61% has been muted. Price closed weeks out after pushing through powerful beneath the handle 80.00 9/5/2012 bear traps on the move has been rejected in a Lincoln.
Nonetheless, the dollar-Yen is still near the lowest two months around 80.00. directional bias has shortcomings
Currency pair if you can drop down to additional support this week, the BOJ will be once again they can Hat earlier rising yen for two months under pressure to act. On the other hand, the strong push short squeeze the handle above 80.00 potentially bearish, you can view the location of the liquidation. Green showed the floor before we place short in the 80 's. Oo over the handle you will need to reconfigure pending. The upside was the scenario unfolding in descending trend line is potentially possible breakout level can come into play as being the initial resistance.USDJPY daily chart
Related posts:
USD index analysis and prediction for may 14thEURUSD analysis News December 11/05/2012EURUSD daily analysis update-2012 news and ForecastDollar index analysis to 2012-10/5
No comments:
Post a Comment