USDJPY rally stalled in front of 115, where now? - BBH
|Research Team at BBH, noted that the dollar stalled in front of JPY115, having reached JPY114.80 on December 1.
Key Quotes
“It retraced more than 38.2% of the week's gains (from November 28 low near JPY111.35), which was found near JPY113.50. The 50% retracement is found at JPY113.10, and the 61.8% is near JPY112.70. The RSI did not confirm the new high, leaving a bearish divergence in its wake. The Slow Stochastics have been moving lower, and also did not confirm the new high recorded. The MACDs have not turned down but are set to do so early next week.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.