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Instrument: USDJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 110.002 with take profit at 110.132.
Bearish Preference:
Sell position is envisaged if price trades below 109.834 with take profit at 100.732.
Fundamentals:
No major fundamentals
Comment: USD traded between 109.55 and 109.88 last Friday, narrower than our expected sideway-trading range of 109.55/110.05. Momentum indicators are still ‘flat’ and further sideway trading would not be surprising. Expected range for today, 109.55/110.00.
Analysis: SCRUM Team
