Technical Analysis Report - USD/JPY
08/08/2016 // 05:29:47 am
The currency pair, USD/JPY gained position on much better-than-anticipated Non-farm Payrolls in the US of A.
The pair looks strong in the market. Traders moved the dollar higher and closed in the green territory.
The resistance is observed at 102.50, the support stands at 101.40.
A buy signal is generated by the MACD indicator. RSI moved back from the oversold territory.
The instrument breached the 50 and 100 EMAs and stayed on top in the 1-hour chart. The moving averages (50, 100 and 200) direction is earthwards in the mentioned time frame.
The mood of the market is positive. The next target for the USD/JPY is the level of 102.50.
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29/09/2016 // 07:41:12 am
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27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks