30.11.201212:17 Forex Analysis & Reviews: USD/JPY: Upside Prevails

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Overview:
USD/JPY is trading in higher range. The rate is underpinned by buying of yen crosses amid diminished investor risk aversion (VIX fear gauge eased 2.9% to 15.06; S&P rose 0.43% overnight) as hopes linger that a deal would be secured before the year-end deadline for the U.S. economy to dodge the fiscal cliff. Overnight, House Speaker Boehner said that there has been no substantive progress in talks on the fiscal cliff, but later Sen. Charles Schumer said there's been progress behind the scenes and Senate Majority Leader Harry Reid said he thought Congress could finalize a deal this year. Risk appetite also boosted by higher-than-expected 5.2% rise in U.S. October pending home sales (vs. +1% forecast); upward revision in 3Q U.S. GDP to 2.7% from the 2% gain initially reported (though below 2.8% expected); lower-than-expected latest U.S. weekly jobless claims of 393,000 (vs. 395,000 forecast). USD/JPY is also supported by demand from Japan importers and investment trusts; expectations that opposition Liberal Democratic Party will win mid-December elections and push for aggressive monetary easing. But risk appetite dented after Kansas City Fed's manufacturing composite index declined to minus 6 in November from minus 4 in October. USD/JPY gains also tempered by Japan exporter sales; positions adjustment before weekend.
Preference:
Buy above 82 with targets at 82.6 and 82.85.
Resistance Levels:
R1 - 82.63 (Monday's high)
R2 - 82.84 (seven-and-a-half month high hit Nov. 22)
R3 - 83.00
Alternative scenario:
Sell below 82.The downside breakout of 82 will open the way to 81.65 and 81.4.
Support Levels:
S1 - 81.68-81.65 (Wednesday's low-Nov. 21 low)
S2 - 81.4
S3 - 81.13-81.08 (Nov. 20 low-Nov. 19 low)
Technical Comment:
The pair remains on the upside and is challenging its new resistance. USD/JPY daily chart is mixed as MACD is bullish; but stochastics is bearish at overbought.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.