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FxWirePro: USD/ JPY capped by the 50.0% fibonacci, good to sell on rally

 • USD/JPY eased  slightly on Wednesday   as investors digested tariff uncertainty and a cooler US inflation report.

  • U.S. consumer prices rose less than expected in February, but tariff-driven cost increases may limit further improvement.

•The Consumer Price Index (CPI) rose 0.2% in February, down from 0.5% in January, the Bureau of Labor Statistics reported Wednesday.

•The U.S. Federal Reserve is expected to hold rates at 4.25%-4.50% next Wednesday, with markets anticipating rate cuts in June amid a weakening economic outlook.

• Immediate resistance is located at 149.30 (50%fib), any close above will push the pair towards 150.00 (Psychological level).

•  Support is seen at 147.70 (Daily  low) and break below could take the pair towards 146.72 (23.6%fib)

Recommendation: Good to sell  around 148.70, with stop loss of 149.60 and target price of 148.00

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