Source: PaxForex Premium Analytics Portal, Technical Insight
Japanese Yen refreshes weekly low as falling Japanese wage growth lifts bets for BoJ pause.
Pivot: 184.03
Analysis:
As long as the price is above 182.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 184.03
- Take profit 1: 185.00
- Take Profit 2: 186.00
Alternative scenario:
If the level of 182.00 is broken-down , follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 182.00
- Take profit 1: 180.00
- Take profit 2: 179.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 187.00 | 182.00 |
| 186.00 | 180.00 |
| 185.00 | 179.00 |
