USD/JPY: At risk of a deeper corrective recovery to 136.67/86 – Credit Suisse USDJPY Banks
closed the third straight in positive territory on Wednesday. Analysts at Credit Suisse expect the pair to stage a race higher on a weekly close above the 133.06 resistance.“Key resistance from the 55-Day Moving Average looks to be breaking. Above 133.06 on a weekly closing basis should mark a conclusive break, with resistance then seen next at 134.78 ahead of now we think the 38.2% retracement of the 2022/2023 fall and 200-DMA at 136.67/86.
“Below 129.80 is needed to reassert a downward bias for a retest of 127.53/23. An eventual break below here can see support next at 126.36 ahead of the 61.8% retracement of the 2021/2022 uptrend at 121.44.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
1.05-1.10 could be the broad range in EUR/USD and something like 128-136 for USD/JPY – INGEconomists at ING discuss the USD outlook for this quarter and the possible range of trading for the EUR/USD and USD/JPY. Dollar rangebound for the re
Les mer »
USD looks set for further consolidation and potentially even further short-term strength – Credit SuisseThe US Dollar is expected to see a lengthier but still temporary consolidation/recovery phase, according to economists at Credit Suisse. Key levels to
Les mer »
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin NewsDigital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions.
Les mer »
Digital Asset Provider Raises $65M in Series B Led by Credit SuisseThe funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Les mer »
EUR/USD: Buying dips below 1.06 targeting 1.0950 – Credit SuisseUS January Consumer Price Index (CPI) data released yesterday were the week’s highlight. Economists at Credit Suisse continue along the path they have
Les mer »
USD/JPY: Risks now appear tilted to the upside – UOBThe upside bias in USD/JPY looks firm for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes
Les mer »