Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWitecho: USDJPY Weekly Outlook

Ichimoku analysis (Hourly chart)

 

Tenken-Sen- 108.33

 

Kijun-Sen- 108.249

 

USDJPY trades slightly lower after a good jump of more than 150 pips a previous week. The pair hits high of 108.62 and is currently trading around 108.15.

 

The jump was mainly due to the first round of US-China trade deal and rising US bond yield. The yield recovered more than 17% and is currently trading at around 1.732%.

 

On the flip side, near term support stands around 107.70 and any violation below will drag the pair down till 107.37/106.80.

 

The major resistance is around 108.65 and any convincing break above targets 109.30/110.

 

It is good to buy on dips around 108 with SL around 107.70 for the TP of 109.30.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.