Technical Analysis Report - USD/JPY
06/09/2016 // 05:45:03 am
The currency pair USD/JPY softened its position on Monday’s trades. The USD continues to remain under pressure after weaker-than-anticipated Non Farm Payrolls report
The price declined from last week highs at 104.30 to the 103.50 region and lost some of the gains it earned in early trades.
The instrument continued to exist above the moving averages in the 4 hours chart. The 50-EMA breached the 100-EMA and moved closer to the 200-EMA in the mentioned timeframe. The resistance is observed at 103.50, the support stands in at 102.50.
If the instrument breaks below the 102.50, it may decline back towards the support 101.40. If the USD/JPY rises above 103.50 the instrument may grow to 104.50.
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