empty
 
 
cn
支持
即时开户
交易平台
入金/出金

20.01.202319:49 Forex Analysis & Reviews: USD/JPY: 129.50 as demand zone

The USD/JPY pair retreated a little in the last hours and now it stands at 129.90. After its upwards movement, a minor drop was natural. The price extended its rebound as the DXY jumped higher while the Yen Futures dropped.

Surprisingly or not, the USD lost some ground, even though the US Existing Home Sales indicator came in better than expected at 4.02M compared to 3.95M forecasts. On the other hand, the Japanese National Core CPI rose by 4.0% matching expectations.

USD/JPY Natural Retreat!

Exchange Rates 20.01.2023 analysis

Technically, the pair rallied after testing and retesting the ascending pitchfork's lower median line (lml). It has climbed as much as 130.60 today where it has found supply.

As long as it stays above the lower median line (lml), the rate could still approach and reach the median line (ml). Technically, the median line acts as a magnet and could attract the price. The 129.50 historical level stands as static support.

USD/JPY Forecast!

129.50 and the weekly pivot point of 129.39 represent support levels. Testing and retesting these levels may announce a new upside momentum. A new higher high, a bullish closure above 130.60 activates an upside continuation and brings a new buying signal.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.