USD/JPY remains under pressure, trading around the 107.30 region, but only below 107.20/16 would see the small base negated with next support seen at 106.80, analysts at Credit Suisse report.
Key quotes
“The pressure stays seen to the downside and below 107.16 would see the base neutralised to reinforce the broader sideways range with support seen next at 107.05, then 106.80/79. Removal of here can see a retest of the lows from May and June at 106.08/105.98. Beneath here would now see the completion of an important top.”
“Resistance is seen at 107.34/41 initially then 107.60, with a break above 107.78/80 needed to ease the pressure off the base ‘neckline’ to reassert an upward bias for strength back to 108.17/24, then the 200-day average at 108.38/43.”
Reprinted from fxstreet, the copyright all reserved by the original author.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發