TipTVFinance

USD/JPY- Falling channel intact despite Abe’s stimulus talk

FX:USDJPY   美元/日元
Hourly chart- Falling channel

Breach of rising trend line followed by a breach of rising channel to the downside, falling channel

Channel support could be put to test

Pair’s retreat from the high of 105.56 to a low of 105.12 in last couple of hours despite stimulus talk by Abe             suggests the spot is at a risk of a re-test of yesterday’s low of 104.19. The level could be breached and the falling channel support at 103.52 could be put to test.

On the higher side, only a hourly closing above falling channel would suggest trend reversal and may help the pair cut through strong resistance at 106.64

Japan stimulus details

PM Abe             informed us today – Economic stimulus to be in excess of JPY 28 trillion
JPY 13 trillion would be on fiscal measures
Only JPY 2 trillion earmarked for this calendar year
Cabinet due to approve the stimulus on August 2
简体
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
繁體
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 组件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 支持 优先服务 报告问题 已发表观点 粉丝 正在关注 私人消息 聊天 退出