USD/JPY: Likely to test 153.00 before a sizeable pullback – UOB Group
There is a chance for US Dollar (USD) to test 153.00 again before a more sustained and sizeable pullback can be expected. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

There is a chance for US Dollar (USD) to test 153.00 again before a more sustained and sizeable pullback can be expected. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Further USD strength is likely

24-HOUR VIEW: "USD surged two days ago. Yesterday, when USD was at 152.30, we indicated that 'while impulsive momentum is likely to outweigh the deeply overbought conditions, it remains to be seen if USD can break above 153.00 today.' USD subsequently rose to a high of 152.99 and then pulled back to close higher for the fifth straight day (152.68, +0.51%). While conditions remain deeply overbought, there is a chance for USD to test 153.00 again before a more sustained and sizeable pullback can be expected. Support is at 152.00, followed by 151.50."

1-3 WEEKS VIEW: "We turned positive on USD at the start of the week. Yesterday (07 Oct, spot at 150.35), we highlighted that 'further USD strength is likely, and the level to watch is 153.80.' We will continue to hold the same view as long as the ‘strong support’ at 150.90 (level was at 150.50 yesterday) holds."

FXStreet
Trade The World
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa