Technical Analysis Report - USD/JPY
28/07/2016 // 05:30:02 am
The yen fell after the details of the stimulus package was revealed. A package of 28 trillion Yen is planned by the BoJ to boost the economy up.
The dollar regained some of its losses during the trades. Buyers dominated the market and moved the price from the mark 103.94 to 106.56 but currency pair failed to claim the 106.00 level and the price returned below of it. The resistance is seen at 105.30, the support exists in at 104.50.
MACD remained in the negative zone. MACD grew which indicating the weakening positions of sellers. RSI moved back to the oversold territory indicating a sell signal. The moving averages (50, 100 and 200) are changing the course of direction from their upward journey to the downward one.
The mood of the market continues to remain gloom. The currency pair is expected to breach the level 104.50 to restart a downward journey towards 103.50.
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