PIB dos EUA deve mostrar uma economia forte
A estimativa para os números finais é que o PIB do quarto trimestre se mantenha na casa dos 3,2%, mostrando uma economia aquecida
How Will BOJ Statement Affect the Yen?
2023-03-07 • Atualizado
The Bank of Japan is expected to release a statement regarding its monetary policy for the second time this year. This statement, due on the 10th of March, usually has a very high impact on the outlook of the Japanese Yen as it ties in closely with the short-term interest rates and overall strength of the currency.
USDJPY
The Daily timeframe chart of the USDJPY already looks like the onset of a downward move. We can see the 100- and 200-period moving averages have successfully rejected prices from going higher. Also, looking at the fact that the rejection occurred from the supply zone overlapping with the 88% Fibonacci retracement level, it is quite safe to sustain a bearish sentiment.
Analysts’ Expectations:
Direction: Bearish
Target: 131.7
Invalidation: 138.3
GBPJPY
Here we have a large wedge constricting price movement on the daily timeframe of GBPJPY. Price has also recently bounced off the supply zone above the trendline resistance of the wedge. Based on this, the position of the moving averages, and the 76% of the Fibonacci retracement zone, it is safe to expect a further price decline.
Analysts’ Expectations:
Direction: Bearish
Target: 158.9
Invalidation: 168.9
CADJPY
CADJPY is reacting within the highlighted supply zone, and we also have a bearish alignment from the moving averages. As a result of these confluences, I have a bearish sentiment. However, it is less confident than I would like.
Analysts’ Expectations:
Direction: Bearish
Target: 97.9
Invalidation: 101.8
CHFJPY
We've been pursuing this particular setup for a few days. It is noticeable that the price here is still trading under the supply zone, with slight rejections already taking place. The resistance trendline and the 76% Fibonacci retracement level add additional confluences. The 50-period moving average trading below the 100-period moving average also confirms a bearish sentiment.
Analysts’ Expectations:
Direction: Bearish
Target: 142.7; and 141
Invalidation: 148.5
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Semelhante
Os comerciantes do par USD/JPY de olho no BoJ
As especulações de que as autoridades do BOJ irão intervir para conter qualquer fraqueza adicional do JPY mantêm um limite para quaisquer ganhos adicionais
AUD/USD se recupera em meio à fraqueza do dólar americano
Opiniões divergentes dos oradores do Fed sobre cortes de taxas prejudica o desempenho do USD
Últimas notícias
Ofertas de Empregos Jots no radar dos touros do dólar
Depois da queda no mês de março em cerca de 26 mil vagas de emprego, a expectativa do mercado é de nova queda para 8,790M para o mês de fevereiro do mesmo ano
Investidores de olho no PMI Industrial do ISM
Nesta segunda-feira, primeiro dia do mês de abril, os EUA liberam os números dos PMIs da S&P Global e do ISM para a indústria
As expectativas dos mercados giram em torno do PCE dos EUA
Todas as atenções estarão nos preços básicos do PCE (núcleo) dos EUA, que excluem alimentos e energia para o mês de março, com a expectativa de que os números venham abaixo do mês anterior, que registraram um aumento de 0,4%
