Technical Analysis Report - USD/JPY
16/08/2016 // 06:59:31 am
As the GDP data of Q2 is lower than the anticipated figure, the yen slightly weakened on Monday.
Though the US currency, dollar gained back some of its losses on Monday, yet, we believe the currency is on a bearish run. The USD/JPY remained lower than 101.40 by the end of the trades. The resistance is observed at 101.40, the support stands in at 100.40.
The indicator, MACD decreased in the chart which confirms the strength of sellers. RSI remained neutral.
The 50-EMA is acting as a resistance for the currency pair. The moving averages (50, 100 and 200) direction is downwards.
The general mood of the market is bearish, expecting for a fall towards 100.40 support area.
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