USD/JPY: Enough momentum to threaten the major support at 151.05 – UOB Group
01.11.2024, 10:35

USD/JPY: Enough momentum to threaten the major support at 151.05 – UOB Group

The US Dollar (USD) could drop further, but it does seem to have enough momentum to threaten the major support at 151.05. In the longer run, USD advance from early last month has ended; it must break and remain below 151.05 before a more sustained decline can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Has a chance to test 151.05

24-HOUR VIEW: “Yesterday, USD dropped sharply, closing lower by 0.90% at 152.03. Despite the relatively sharp decline, downward momentum has not increased much. However, provided that it remains below 152.85 (minor resistance is at 152.45), USD could drop further. That said, it does not seem to have enough momentum to threaten the major support at 151.05 (there is another support level at 151.50).”

1-3 WEEKS VIEW: “Our latest narrative was from Tuesday (29 Oct, spot at 153.05), wherein ‘while conditions are severely overbought, there is a chance for the advance in USD to extend to 154.00 before pausing.’ We added, ‘only a breach of 151.90 (‘strong support’ level) would indicate that the USD advance that started early this month has ended.’ Yesterday, USD broke below 151.90, reaching a low of 151.83 Not only has upward momentum faded, but downward momentum is beginning to build. However, at this stage, we view any decline is part of a pullback and not a major reversal. USD has to break and remain below 151.05 before a more sustained decline can be expected. The chance of USD breaking clearly below 151.05 will increase in the next few days as long as 153.35 is not breached.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik