empty
 
 
Você está prestes a sair
www.instaforex.eu >
de um site operado pela
INSTANT TRADING EU LTD
Abrir Conta

30.11.202218:43 Forex Analysis & Reviews: USD/JPY: upside scenario to be activated

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

The USD/JPY pair jumped higher after invalidating a deeper drop. Failing to make a new lower low announced exhausted sellers and signaled a new leg higher. It's trading at 139.35 at the time of writing. An upside continuation needs confirmation.

Fundamentally, the JPY lost significant ground versus its rivals after the Japanese Unemployment Rate remained at 2.6% even if the traders expected a potential drop to 2.5%, and after the Retail Sales rose only by 4.3% versus 5.0% growth expected. Today, the Japanese economic data came in worse than expected as well. Housing Starts dropped by 1.8% versus the 1.1% expected, while Prelim Industrial Production reported a 2.6% drop versus the 1.8% drop expected.

The greenback took the lead as the Prelim GDP, Pending Home Sales, and the JOLTS Job Openings came in better than expected earlier today. Tomorrow, Japan is to release the Consumer Confidence, Final Manufacturing PMI, and Capital Spending, while the US is to release high-impact data like Core PCE Price Index and the ISM Manufacturing PMI. Better than expected US data could lift the pair.

Exchange Rates 30.11.2022 analysis

The USD/JPY pair retested 138.45 and now it has jumped above the downtrend line and it is challenging the 139.59 static resistance. It has registered only a false breakout above this obstacle and through the weekly pivot point (139.81).

As you can see on the H1 chart, the rate found support at 137.65. The pair has consolidated around 138.45 and now it is trying to escape from the current channel.

USD/JPY Forecast!

Validating its breakout above the downtrend line and making a new higher high, a bullish closure above 139.89 today's high opens the door for more gains ahead. This scenario suggests a buying signal.

Ralph Shedler
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Agora você está saindo do www.instaforex.eu, um site operado pela INSTANT TRADING EU LTD
Não pode falar agora?
Faça sua pergunta no chat.

Turn "Do Not Track" off