- Analytics
- News and Tools
- Market News
- USD/JPY: Room for further range bound in the near term – UOB
USD/JPY: Room for further range bound in the near term – UOB
Further consolidation in USD/JPY, likely within the 128.00-130.80 range now appears likely in the near term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
Key Quotes
24-hour view: “After rising to a high of 130.58, USD pulled back sharply and closed at 129.59 (-0.43%). The pullback has room to extend but is unlikely to break the support at 128.00 (there is another support at 128.50). Resistance is at 129.75, followed by 130.10.”
Next 1-3 weeks: “Sharp pullback in USD/JPY is likely to extend to the 55-week exponential moving average near 131.40. (dated 02 Dec 2022, 136.50).”
© 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
