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Wu Peng: There Is Still Room For Adjustment In Yen.

2014/6/10 17:22:00 26

Wu PengYenAdjustment Space

The US dollar index rose 22 points yesterday, closing at 80.58 and is now trading at 80.53. There was no data stimulus yesterday. At 21:10 PM, Brad, chairman of St. Louis Fed chairman Brad said: "the decline in US employment participation rate is not a cyclical phenomenon, but a phenomenon of demographic change. The Fed is very close to inflation and unemployment rate." The Federal Reserve's Tai Chi has been widely promoted.


The Central Bank of China announced yesterday that it will reduce the reserve requirement ratio of some commercial banks by 50 basis points from June 16th, and will guide the credit resources to support the "three rural" and small and micro enterprises. Investors who want to raise the US dollar need to wait patiently.


Europe today also needs to pay attention to Brussels 2014. Economic Forum The theme is "maintaining recovery: growth and stability strategies and policies".


   Euro dollar


Fundamental aspects of maintaining the view, the euro technical decline resistance is not as great as we think, the euro is still a shock pattern, the chart level of long-term average line tends to level, the RSI combination below 50, the 4H level long-term average pressure down, the average medium-term tend to level, RSI group with energy 50 below, the ratio of open space has increased, the euro yesterday evening to 1.3585 above the bottom of the test, 1.3585 line pressure is relatively large, the euro is currently on the top 1.3685 test. It is estimated that the euro will continue to test below 1.3585 after a period of consolidation over 1.3585. The specific results are to be observed. Support: 1.3524, 1.3585 resistance: 1.3650, 1.3700.


   Operation suggestion: maintain wait-and-see.


   gold


Gold remained volatile yesterday, 4H level K has been maintained above the medium-term average, RSI portfolio is close to 50, 1H level without directional guidelines, short to maintain stable wave shape, followed by still maintain concussion, interval 1250-1257.4. Support 1245 and 1250 resistance: 1257.40, 1264.55.


   Operation suggestion: wait and see


   dollar Yen


Recently, the recent upward trend of concussion has been adjusted for 5 days by the long-term average line level of the Japanese line. There is no effective break down of 102.20. The combined energy of RSI stays above 50, slightly more than 4H, and the medium and long term average line of the RSI goes up. The RSI combination needs to be confirmed near 50. The H level has already broken the medium-term average and the RSI combination is below 50. Short term bearish, support 102.75, 102.477 resistance 102.28, 101.88.


Operation suggestion: short term short yen, stop loss 20 points, target 101.88. If you drop to 101.88, you can follow up more.

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