USD/JPY falls below 107.00, next support seen at 106.65 – Credit Suisse NEWS | 8 minutes ago | By FXStreet Team

USD/JPY slides below the 107.00 level as the 107.42 resistance remains intact. The pair faces next support at 106.65, as Credit Suisse’s analysts note.

Key quotes

“USD/JPY remains capped at its downtrend from early June, 13 and 55-day averages and price resistance at 107.32/42.”

“Whilst low conviction the immediate risk is seen staying marginally lower whilst below here with support seen at 107.15/11 initially and with a move below 106.65 needed to clear the way for a retest of the lows from May and June and ‘neckline’ support at 106.12/105.98. Beneath here would see the completion of an important top to mark a more significant and concerted turn lower with support then seen next at 105.20/14 – the 61.8% retracement of the March rally.” 

“Above 107.42 would see the downtrend break to see the trend shift neutral again. Only back above 107.80 would reassert an upward bias for a move back to the early July high at 108.17.”

Source from

Komen anda

Scroll to Top
Ada pertanyaan mengenai Weltrade? Hubungi team kami melalui WhatsApp di bawah atau melalui email kami [email protected].