Technical Analysis Report - USD/JPY
30/08/2016 // 07:36:03 am
The US currency rose to the 2-week high supported by new expectations that the Fed will increase the rates in September.
Japanese stocks supported the dollar as well.
The currency pair, USD/JPY moved higher and stretched its gains on Monday. The resistance is observed at 102.50, the support stands at 101.40.
MACD remains in the positive area. The histogram grew indicating the buyers’ strength. RSI is in the overbought area. A buy signal is generated by both the indicators.
Analysts remain bullish expecting a growth towards 102.50 resistance 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