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Technical Analysis For USD/JPY: Who Benefits From Market Fears?
Technical Analysis For USD/JPY: Who Benefits From Market Fears? Technical Analysis For USD/JPY: Who Benefits From Market Fears?
Yazar: Ross Sutton
Yayınlanma: 21 Aralık 2021 18:48
Güncellenme: 24 Aralık 2024 02:57
Technical Analysis For USD/JPY: Who Benefits From Market Fears?
Technical Analysis For USD/JPY: Who Benefits From Market Fears? Since the beginning of this week, USD/JPY has been moving in tight ranges around 113,33 and 113,75, where it has settled as of this writing. Investors are balancing the US Federal Reserve's move to raise interest rates and global concerns about Omicron, where restrictions threaten the future of the global economic recovery. That is why the USD/JPY currency pair is one of the most important safe havens for investors in times of uncertainty. Technical Analysis- USD/JPY turned neutral on the daily chart.
- The outlook will turn bullish if it breaks 114,20 resistance and it is hoped that still testing and moving below 113,00 support will further support the downside.
- Until now, it will still be preferred to sell the currency pair at every bullish level.
- The currency pair will have the strongest impact on risk appetite without waiting for important US economic data.
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