09-30-2019, 09:08 AM
Technical Overview of USD/JPY and USD/CNY Currency Pair
USD JPY
USD traded lower against JPY and closed at 107.92
USD/JPY is currently trading largely unchanged on the day at 107.93, having faced rejection at 108.00 in Asia. The psychological resistance proved a tough nut to crack despite the uptick in the futures on the S&P 500.
According to the Analysis, pair is expected to find support at 107.88 and a fall through could take it to the next support level of 107.85. The pair is expected to find its first resistance at 108.00 and a rise through could take it to the next resistance level of 108.03.
USD CNY
USD traded higher against CNY and closed at 7.1218.
According to the Analysis, pair is expected to find support at 7.1192 and a fall through could take it to the next support level of 7.1146. The pair is expected to find its first resistance at 7.1344, and a rise through could take it to the next resistance level of 1.1390.
Important Economic Events of the Day
· JPY: Retail Sales m/m
· CNY: China Manufacturing Purchasing Managers Index (PMI)
· CNY: China Non-Manufacturing Purchasing Managers Index (PMI)
· GBP: United Kingdom Gross Domestic Product (GDP) q/qUSD: Pending Home Sales m/m
For More information about the release time of news and its impact visit Economic Calendar Page!
USD JPY
USD traded lower against JPY and closed at 107.92
USD/JPY is currently trading largely unchanged on the day at 107.93, having faced rejection at 108.00 in Asia. The psychological resistance proved a tough nut to crack despite the uptick in the futures on the S&P 500.
According to the Analysis, pair is expected to find support at 107.88 and a fall through could take it to the next support level of 107.85. The pair is expected to find its first resistance at 108.00 and a rise through could take it to the next resistance level of 108.03.
USD CNY
USD traded higher against CNY and closed at 7.1218.
According to the Analysis, pair is expected to find support at 7.1192 and a fall through could take it to the next support level of 7.1146. The pair is expected to find its first resistance at 7.1344, and a rise through could take it to the next resistance level of 1.1390.
Important Economic Events of the Day
· JPY: Retail Sales m/m
· CNY: China Manufacturing Purchasing Managers Index (PMI)
· CNY: China Non-Manufacturing Purchasing Managers Index (PMI)
· GBP: United Kingdom Gross Domestic Product (GDP) q/qUSD: Pending Home Sales m/m
For More information about the release time of news and its impact visit Economic Calendar Page!