TRADING TIPS :
USD/JPY up 0.54% to 119.08.Modest gains in Asian equity markets overnight dampened demand for the safe haven yen as investor sentiment recovered following a selloff earlier in the week.The U.S. dollar index, which measures the greenback against a basket of six major currencies, hit nine-year highs of 92.14 and was last at 91.97, supported by weakness in the euro.The Federal Reserve was to publish the minutes of its latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.
INTRADAY OUTLOOK
Support: 118.55
Resistance: 119.37
RECOMMENDATION:
1. Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2. Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83
INTRADAY OUTLOOK
Immediate Support: 1.1818
Immediate Resistance: 1.1876
RECOMMENDATION:
1. Buy EUR/USD Above -1.1878 TG: 1.1898/1.1928 SL 1.1848
2. Sell EUR/USD Below -1.1815 TG:1.1795/1.1765 SL 1.1845
USD/JPY up 0.54% to 119.08.Modest gains in Asian equity markets overnight dampened demand for the safe haven yen as investor sentiment recovered following a selloff earlier in the week.The U.S. dollar index, which measures the greenback against a basket of six major currencies, hit nine-year highs of 92.14 and was last at 91.97, supported by weakness in the euro.The Federal Reserve was to publish the minutes of its latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.
Support: 118.55
Resistance: 119.37
RECOMMENDATION:
1. Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2. Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83
INTRADAY OUTLOOK
Immediate Support: 1.1818
Immediate Resistance: 1.1876
RECOMMENDATION:
1. Buy EUR/USD Above -1.1878 TG: 1.1898/1.1928 SL 1.1848
2. Sell EUR/USD Below -1.1815 TG:1.1795/1.1765 SL 1.1845
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