USDJPY & Wall street analysis 12 october 2017

By | October 12, 2017

USDJPY analysis

USD/JPY trading at 112.30 , it tried to test 112.60 yesterday but failed to do so and still struggling with same small range from 112.20 – 112.50 since yesterday . A good support on daily chart stands at 112 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this forex pair upto 111.70 – 111.40 today .

A good resistance on daily chart stands at 112.60 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this fx pair upto 112.99 – 113.30 .

USDJPY analysis conclusion : We have PPI and Unemployment claims data from US today . Stay cautious .

Wall street analysis

Dow jones trading at lifetime high once again as it gave lifetime high closing last night near 22860 . Currently its trading near 22860 only . Its again an uncharted territory so its a big caution note while trading in DJI . A good base level on daily chart stands at 22680 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major world index upto 22550 – 22400 today .

A good hurdle on daily chart stands at 23020 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in dow jones upto 23200 – 23350 .

Wall street analysis conclusion : DJI trend is positive for now .

Gold Silver trading in yesterday’s range so read our analysis here

More will update to our trading signals subscribers .

Leave a Reply