- Analytics
- News and Tools
- Market News
- USD/JPY: Bulls may try to reach 148.30 – UOB Group
USD/JPY: Bulls may try to reach 148.30 – UOB Group
The US Dollar (USD) is expected to trade in a range, probably between 146.50 and 148.00. Downward momentum is beginning to wane; a breach of 148.30 would mean the weakness in USD has stabilised.
A sustained move towards 148.30 is possible
24-HOUR VIEW: “Yesterday, we expected USD to trade in a range between 146.30 and 147.70. Although USD subsequently traded in a higher range of 146.69/148.22, it closed largely unchanged at 147.19 (-0.06%). There has been no clear increase in either upward or downward momentum. Today, we continue to expect USD to trade in a range, probably between 146.50 and 148.00.”
1-3 WEEKS VIEW: “Our update from yesterday (12 Aug, spot at 146.90) remains valid. As highlighted, downward momentum is beginning to wane, and a breach of 148.30 (no change in ‘strong resistance’ level) would mean that the weakness in USD has stabilised.”
© 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
