Join our telegram community
Telegram Facebook Twitter

As the Congress managed to avoid government shutdown, the Dollar continued to gain value against the Yen, simultaneously passing the monthly PP and the 50% Fibonacci retracement level at 113.00.

At the moment, the pair is facing no technical barriers on its way up until the weekly R2. On the other hand, there are two alleged resistance zones located between the 113.47 and 113.57 as well as 113.86 and 113.91 marks.

Moreover, the pair might be stopped near the 113.75 level, as this area represents location of an upper boundary of an alleged junior ascending channel.

There is also a need to take into account an effect from release of the US employment data, as it might either help to push the rate to the above weekly R2 or return it back to the above retracement level.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

About Us

Range Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as a Business Company with registration number 22768 BC 2015.

rangeforex.com is owned & operated by Range Markets Ltd incorporated in St. Vincent & the Grenadines as an IBC with the registration number 22768 BC 2015. The objects of the Company are all subject matters not forbidden by Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments.

 

Range Markets Group of company operates and provides contents for this website, which include:

  • Range Markets (SV) Ltd, Company reg 22768 BC 2015 with registered address Euro House, Richmond Hill Road, Kingstown, St. Vincent, and The Grenadines.
  • Range Markets SA (PTY) Ltd, Company offers derivative instruments and long and short-term deposits to users in South Africa in its capacity as a Juristic Representative of TD Markets (Pty) Limited (Authorised FSP 49128), an authorised financial services provider in South Africa.

 

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Copyright ©2024 Range Markets (SV) Ltd All rights reserved