08.06.202306:30 Forex Analysis & Reviews: Trading Signal for USD/JPY for June 8-9, 2023: sell below 139.76 (21 SMA - bearish channel)

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.

Early in the European session, the Japanese yen is trading around 139.83 above the 21 SMA and below the 6/8 Murray. Yesterday, we could see that the Japanese made a strong technical rebound above 5/8 Murray located at 139.06 and reached the psychological level of 140.

The USD/JPY pair is trading inside a downtrend channel formed since May 23. Yesterday in the American session, the yen pair reached the top of the downtrend channel and failed to break it. Now, we can observe a technical correction. If USD/JPY falls and consolidates below 139.76 (21 SMA), we could expect a corrective movement and the price could reach 139.06 and 137.90 which coincides with the bottom of the downtrend channel.

The Eagle indicator is giving a negative signal. The Japanese yen is expected to trade below the psychological level of 140 and it could reach the 200 EMA located at 137.55 in the next few days.

A decisive break below the low of June 6, located at 139.02, could exert downward pressure on the pair towards the price levels of March 8 at 137.92. Finally, the instrument could reach the low of May 18 at 137.45.

On the other hand, a break of the downtrend channel and a close on daily charts above 140.30 will push the pair towards the high of May 30 at 140.93. A break above this last level could accelerate the USD/JPY pair's rally towards the 7/8 Murray level located at 142.18.

Voltar a lista

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.