
The Japan Leading Economic Index was released at 77.7 for April in final reading vs 76.2 in first estimate and 85.1 in March.
From a technical point of view, on a daily chart, the pair remains under pressure below its resistance at 108.05 and stands below its 50-day moving average (in blue). The daily RSI remains within its selling area. Readers may therefore consider the potential for further weakness below resistance at 108.50. The nearest support would be set at 106.00 (June bottom) and a second one would be set at 105.15 (horizontal resistance) in extension.
From a technical point of view, on a daily chart, the pair remains under pressure below its resistance at 108.05 and stands below its 50-day moving average (in blue). The daily RSI remains within its selling area. Readers may therefore consider the potential for further weakness below resistance at 108.50. The nearest support would be set at 106.00 (June bottom) and a second one would be set at 105.15 (horizontal resistance) in extension.
Source : TradingVIEW, Gain Capital
Latest market news
September 22, 2023 09:50 PM
September 22, 2023 05:45 PM
September 22, 2023 05:32 PM
September 22, 2023 04:00 PM
September 22, 2023 02:36 PM
September 22, 2023 01:09 PM