The continuation of the retracement in USD/JPY should face strong support around 141.60 ahead of 140.95, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
24-hour view: The outsized selloff of 1.38% (NY close of 142.07) last Friday came as a surprise (we were expecting USD to trade in a range). The rapid drop is severely oversold and USD is unlikely to weaken much further. Today, USD is more likely to consolidate and trade in a range of 142.00/143.30.
Next 1-3 weeks: Last Thursday (06 Jul, spot at 144.50), we noted that “the USD strength is struggling to maintain its momentum, and the chance for extension to 145.50 appears low”. After USD fell below our ‘strong support’ level of 143.90, we indicated on Friday (07 Jul, spot at 143.90) that “the 3-week USD strength has ended” and we expected USD to trade in a range between 142.90 and 145.00. We did not anticipate the sharp pullback in USD that led to an outsized drop of 1.38% (NY close of 142.07). The 1.38% decline is the largest 1-day drop in about four months. While the price actions suggest USD could pullback further, it is worth noting that there is a solid support level at 141.60 and another at 140.95. All in all, only a breach of 144.00 (‘strong support’ level) would indicate that USD is pulling back further.
© 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.
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.
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.