Back to the Forex Alerts day's list
11:15 (CET) - UsdJpy: under 90
|
The yen is still climbing and is now at 89 yens per dollar. It tried to exit the range, but without success, so the trend is still strong. If it gets to 88.701, we'll have to be very cautious as that's where the pair rebounded on the 28th of September and 2nd of October. If the pair doesn't turn, the target will be 88.245 yens per dollar. On the upside, the key is seeking that rebound area and then try to get as close as possible to the psychological level at 90 yens per dollar.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|