Technical Analysis Report - USD/JPY
05/08/2016 // 04:46:08 am
After the comments by the deputy governor of Bank of Japan, Kikuo Iwata, the yen grew. Mr. Kikuo Iwata assured the regulator does not have any preset agenda for its current policy.
The currency pair USD/JPY stayed below 101.40 region during the course of the day. The resistance is seen at 101.40, the support stands in at 100.40.
A buy signal is generated by the MACD indicator. RSI stayed very near to the oversold area.
The instrument breached the 50-EMA before moving back in the 1-hour chart. The downwards direction of the moving averages (50, 100 and 200) is observed in the time frame.
The sentiment in the market is neutral as it is waiting for the NFP in the US. If the buyers return to the market, the USD/JPY will rise to 102.50. Else, the instrument will decline to 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