USD/JPY Price Analysis: Bulls and bears battle it out in the broadening formation USDJPY Currencies Technical Analysis
signaling that the central bank may end its yield curve control policy and start shrinking its balance sheet.
The dollar remained rangebound as traders awaited U.S. debt ceiling talks and a closely-watched US inflation data due on Wednesday.The bulls are running into a potential resistance area on the chart and if the bears commit, then there could be a freefall into the lows of the broadening range. 134.95 could be key in this regard. A break of there opens the risk of a move into 134.70 and the longer-term trendline support area that guards 134.25 mand 133.88 to the downside. A break of 135.
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.
USD/JPY Price Analysis: Gains momentum above 135.00 on dovish BoJ minutesThe USD/JPY accelerated above the 135.00 figure after the pair bounced off its daily low of 134.64, on fundamental news turning the market sour and a
Les mer »
USD/JPY Price Analysis: Pullback from 200-HMA eyes 134.75 support confluenceUSD/JPY Price Analysis: Pullback from 200-HMA eyes 134.75 support confluence USDJPY Technical Analysis ChartPatterns SwingTrading SupportResistance
Les mer »
USD/JPY bulls cross 135.00 as BoJ’s Ueda defends monetary policy inaction, yields riseUSD/JPY bulls cross 135.00 as BoJ’s Ueda defends monetary policy inaction, yields rise – by anilpanchal7 USDJPY BOJ RiskAppetite Inflation YieldCurve
Les mer »
AUD/USD Price Analysis: Bears take on bulls at key supportThe Australian Dollars has been buoyant at the start of the week as the US Dollar continued its retreat amid bets that US interest rates might have pe
Les mer »
NZD/USD Price Analysis: Bulls attack 0.6300 with eyes on three-month-old resistanceNZD/USD Price Analysis: Bulls attack 0.6300 with eyes on three-month-old resistance NZDUSD Technical Analysis ChartPatterns TrendFollowing SupportResistance
Les mer »
AUD/USD Price Analysis: Aussie bulls attack 100-DMA within bullish channelAUD/USD Price Analysis: Aussie bulls attack 100-DMA within bullish channel AUDUSD Technical Analysis TrendFollowing ChartPatterns SupportResistance
Les mer »