- Analytics
- News and Tools
- Market News
- USD/JPY set to fall towards 200DMA at 134.09 – Credit Suisse
USD/JPY set to fall towards 200DMA at 134.09 – Credit Suisse
USD/JPY is falling sharply again. Economists at Credit Suisse stay bearish for an eventual test of the 200-Day Moving Average (DMA), now at 134.09.
Initial resistance seen at 139.00
“We maintain our core bearish outlook and we look for an eventual sustained break lower for a test of the 200DMA, now at 134.09. We would not rule out an overshoot to the 38.2% retracement of the 2021/2022 uptrend not far below at 133.09, but we continue to look for a floor in this 134/133.09 zone.”
“Resistance is seen at 139.00 initially, with a break above 139.46/60 needed to ease the immediate downside bias for a recovery back to the 13DMA at 140.63, but with fresh sellers expected here.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
