13.08.201416:45 Forex Analysis & Reviews: Technical analysis of USD/JPY for August 13, 2014

Revisione a lungo termine

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Overview:

USD/JPY is expected to trade in a higher range after hitting a three-day high at 102.37 on Tuesday. USD/JPY is undermined by unwinding JPY-funded carry trades amid diminished investor risk appetite (S&P 500 fell 0.16% to close at 1,933.75 overnight) on the weak sentiment data from Germany and festering geopolitical concerns over Ukraine and the Middle East. USD/JPY is also weighed by Japanese export sales. But the USD sentiment is boosted by the rise in U.S. NFIB's small-business optimism index to 95.7 in July from 95.0 in June. Besides, USD/JPY downside move is limited by the demand from Japanese importers, higher long-term U.S. Treasury yields (10-year yield last 2.449% versus 2.42% late Monday) and the broadly firmer dollar undertone (ICE spot dollar index last 81.52 versus 81.47 early Tuesday). Annual 'Obon' summer holiday (Aug. 13-15) in Japan: financial markets will not be officially closed during this period, but many domestic investors are expected to be absent, resulting in subdued trading activity.

Technical comment:
The daily chart is mixed as stochastics is neutral, MACD is turning bearish.

Trading recommendations:
The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 102.55 and the second target at 102.75. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 101.95. A break of this target would push the pair further downwards and one may expect the second target at 101.65. The pivot point is at 102.15.

Resistance levels:
102.55
102.75
103

Support levels:
101.95
101.65
101.40

All`elenco degli articoli

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.