Technical Analysis Report - USD/JPY
15/09/2016 // 05:25:37 am
The currency yen lost some grounds on Wednesday after the rising speculations of BoJ easing its monetary policy.
The dollar strengthened its position and rose to a six-day high against the yen. The price approached the 103.50 level when it bounced back but fell to 102.50. The moving averages are neutral existence in the 4 hours chart. The resistance is observed at 103.50, the support stands in at 102.50.
The indicator MACD indicator is at the centerline. If the histogram moves into the negative territory, that will display the growing strength of the sellers If MACD moves back to the positive area the buyers will hold control over the market. RSI is within positive territory.
If the instrument moves above 103.50, it would open the way to 104.50. Once we break below the 102.50 level, we think that the 101.40 level will be next.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks