UOB on what to look at for a USD/JPY transfer to 151.80
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In a analysis notice UOB World Economics & Markets Analysis says USD/JPY could fall to 151.80, the underside of their weekly Ichimoku cloud.
Additionally:
- every day transferring common convergence divergence indicator exhibits clear bearish divergence, just like the divergence seen in the course of the pullback to 148.63 final yr
- weekly stochastics indicating a crossover in overbought territory
- nominates key stage to eye is 153.60, development line help, a break may set off a retest of 151.80
The ForexLive free charting app has a ICHI cloud indie if you would like to test it out:
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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