The Dollar/Yen fell to its lowest level in a week as tighter economic restrictions across the United States and Europe tested market optimism over vaccine trials. The Forex pair is in a position to finish lower for a fifth consecutive session having erased nearly two thirds of the steep gains it posted last week after Pfizer announced it had developed a working COVID-19 vaccine.
At 08:47 (GMT), the USD/JPY is trading 103.952, down 0.233 or -0.22%.
What's next?
The direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to the short-term Fibonacci level at 104.132.
For bearish scenario, A sustained move under 104.132 will indicate the presence of sellers. This could trigger an acceleration to the downside since the next major support doesn’t come in until 103.177.
For bullish scenario, A sustained move over 104.132 will signal the presence of buyers. The first target is the 50% level at 104.427. This is a potential trigger point for an acceleration to the upside with the next major target the main 50% level at 105.113.
Original analysis: https://www.fxempire.com/forec...
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.