USD/JPY faces extra losses if 106.70 is cleared – UOB
11.06.2020, 08:01

USD/JPY faces extra losses if 106.70 is cleared – UOB

FXStreet reports that USD/JPY risks a deeper retracement on a breakdown of the 106.70 level, noted FX Strategists at UOB Group.

24-hour view: “We expected USD to weaken yesterday but held the view that ‘the major support at 107.00 is not expected to come into the picture’. However, USD dipped slightly below 107.00 (low of 106.97) before ending the day on a weak note at 107.09 (-0.58%). Conditions remain severely oversold but the weakness in USD is not showing sign of stabilization just yet. From here, USD could grind lower but a break of the next support at 106.70 would come as a surprise. On the upside, a move above 107.60 would indicate that the weakness in USD has stabilized.”

Next 1-3 weeks: “USD is currently holding just above the bottom of the 107.00/109.00 range that we indicated on Tuesday (09 Jun). The pullback in USD over the past few days has been more ‘aggressive’ than anticipated but we are not convinced that USD is ready to move into a negative phase just yet. Only a daily closing below 106.70 would indicate that USD is ready to move lower in a sustained manner towards the support at 106.00. At this stage, the prospect for a sustained decline in USD is not high but it would continue to increase unless USD can move above 108.00 within these few days. To put it another way, the outlook for USD is deemed as mildly negative for now.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik