USD/JPY(a 4-hour chart) -Technical Analysis for 20.07.2016
20/07/2016 // 10:26:18 am
As the investors started making profit in the market, the dollar became cheaper.
On Tuesday, the currency pair traded near 106.50, a new 4-week highs. Our technical perspective is bullish. The resistance is seen at 107.00, the support lies at 106.00.
MACD remained in the positive zone, however, its decrease in the histogram points out the weakening position of the buyers. RSI indicates a buy signal as it moves closer to the overbought area.
The price existed above the 50-EMA in the 1-hour chart. The moving averages (50, 100 and 200) indicates a buy signal as it is still moving upwards.
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