Technical Analysis Report - USD/JPY
02/08/2016 // 04:41:13 am
As the Bank of Japan announced only moderate stimulus measures on Friday, the USD recovered some of its earlier losses.
The currency pair traded at the local lows and is in a narrow channel. The resistance is observed at 103.50, the support stands at 102.50.
Sell Signal are generated by the indicators MACD and RSI. The Rise of MACD points towards the weakening positions of the sellers. RSI is approaching the oversold area.
The instrument breached the 50, 100 and 200 Day EMAs earthwards in the 4 hours chart. The moving averages lines are moving downwards.
The pair may bounce off the border of the oversold area. The buyers hold control of the price at the immediate support level of 102.50 to the next level at around 103.50 region.
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