News | Forex Optimum

News

News

USD/JPY: Poised to race higher towards the 110.97 March high - Credit Suisse

FXStreet notes that USD/JPY has successfully held its uptrend from January at 108.43. Economists at Credit Suisse look for a break above 109.95/97 for strength back to test the 110.97 March high. 

“Key near-term resistance remains seen at 109.95/97, above which is needed to clear the way for strength back to the late March high and potential downtrend from February 2020 at 110.83/97.” 

“Whilst a fresh rejection from 110.83/97 should be expected, above in due course can open the door to a test of much important resistance at 111.96/112.40, beyond which would raise the prospect of a much more significant base.” 

“Support moves to 109.41 initially, then 109.27/22, which we look to try and hold."

You may also be interested:

05:30 14.06.2021
Commodities. Daily history for Friday, June 11, 2021
Raw materials Closed Change, % Brent 72.65 0.35
03:30 14.06.2021
Schedule for today, Monday, June 14, 2021
Time Country Event Period Previous value Forecast 04:30 (GMT) Japan Industrial Production (YoY)
03:15 14.06.2021
Currencies. Daily history for Friday, June 11, 2021
Pare Closed Change, % AUDUSD 0.77016 -0.62
Deposit
options
Trading
platform
download
Bonuses VIP