Technical Analysis Report - USD/JPY
26/07/2016 // 08:12:29 am
The currency pair, USD/JPY were balanced on the Monday’s trades. Investors adopted a” wait and see position” ahead of the Fed and BoJ’s meetings planned this week
The yen remained steady in the Monday session. The pair continued to exist at the current support level at 106.00. The resistance is observed at 107.00 and the support exists at 106.00.
MACD remained in the positive area. The fall in MACD indicates weakening positions of the buyers. RSI is in the neutral area.
The currency pair breached the 50-EMA and halted at the 100-EMA in the 1-hour chart. The upward movement of the moving averages (50, 100 and 200) is observed. The USD/JPY is over the 50, 100 and 200 EMAs in the 4-hours chart.
It appears that the buyers have lost the energy and the bears are expected to hold control of the market, soon. The currency is expected to breach the support level of 105.30. In the scenario where the buyers continue to hold control of the market, the pair moves northwards to 107.00 and then further to 108.00.
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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