Technical Analysis Report - USD/JPY
03/08/2016 // 04:11:44 am
The yen rose to the 3-week high after the Japanese Prime Minister gave a positive nod to a fiscal stimulus package.
The price appears to be bearish on intraday charts. The currency pair has been under stress for last one week and moved lower by forming a lower low at 100.64. The resistance is observed at 101.40, the support comes in at 100.40.
Sell Signals are generated by the indicators MACD and RSI. MACD moved down displaying positions strength of the seller. RSI moved to the oversold area.
The instrument breached the 50, 100 and 200 Day EMAs in the downward direction in the 4-hours chart. The moving averages are heading downwards.
The market is gloom and we believe “sell only” mood is prevailing in the market at the moment. The next target for the seller stands at 100.40.
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