- Analytics
- News and Tools
- Market News
- USD/JPY set to past 111.68 and stretch up towards the 112.40 mark - Credit Suisse
USD/JPY set to past 111.68 and stretch up towards the 112.40 mark - Credit Suisse
FXStreet reports that USD/JPY has broken with ease above its downtrend from October 2018 and analysts at Credit Suisse stay bullish for what should be tougher resistance, starting at 111.68 and stretching up to 112.40.
“A further dramatic surge higher has seen USD/JPY break with ease its long-term downtrend from October 2018 and the trend is seen staying directly higher for a test of long-term resistance, seen starting at the 111.68/72 March 2020 high and stretching up to the 112.40 high of 2019, also the 61.8% retracement of the 2016/2020 bear trend.”
“We look for the 112.40 level to finally cap and for a consolidation/corrective phase to emerge. Should strength instead directly extend, we see resistance next at 114.00/05.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
