- Analytics
- News and Tools
- Market News
- USD/JPY: Close below 55-DMA at 132.50 to trigger a fall toward the 127.53/23 lows – Credit Suisse
USD/JPY: Close below 55-DMA at 132.50 to trigger a fall toward the 127.53/23 lows – Credit Suisse
USD/JPY looks to be staging a more decisive rejection from the 137.10/40 recovery target as looked for. Economists at Credit Suisse expect the broader downtrend to reassert itself.
Weekly close above 137.51 to open up next resistance at 139.54/59
“USD/JPY looks to have finally seen a more decisive rejection of our recovery target of the 200-DMA and 38.2% retracement of the 2022/2023 fall at 136.67/137.40 and we continue to look for the broader downtrend to reassert itself.”
“A close below the 55-DMA at 132.50 is needed to add weight to our view for a fall to support next at 129.80 and eventually the 127.53/23 lows again.”
“Above 137.51 on a weekly closing basis would suggest a more important low was established in January and strength can extend further with resistance next at the 50% retracement of the fall from October at 139.54/59.”
© 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
