NZD/JPY Technical Analysis: Supported at the 61.8% Fibo, eyes on 72.20 recent lows


USD/JPY’s 4-hour chart shows the relative strength index has created higher lows, contradicting the lower highs on the price chart.  That bullish divergence represents temporary bearish exhaustion, meaning the stage is set for a corrective bounce to 110.28, especially if the risk appetite improves somewhat. 

Products You May Like

Articles You May Like

Australian Dollar Up as Morrison Unexpectedly Triumphs in Election
Daily Markets Broadcast 2019-05-22
GBP/USD technical analysis: Upside remains capped, break of 1.2685 can trigger fresh declines
Economists are rethinking fiscal policy
USDCAD: USD Eyes Powell & Fed, CAD Climbs on USMCA & Oil

Leave a Reply

Your email address will not be published. Required fields are marked *