Technical Analysis Report - USD/JPY
07/09/2016 // 08:53:24 am
The USD continued to remain under pressure even for the second day of the week.The US services sector statistics unexpectedly declined to the lowest level since January 2010.
The U.S statistics disappointed the stakeholders of the market and caused the dollar to fall to 5-day low. Sellers held the regime and forced to price movement from 103.50 towards 102.50. The USD/JPY approached the 200-EMA in the 4 hours chart. The 50-EMA breached the 100 and 200 Day EMAs in the mentioned timeframe. The resistance stands 102.50, the support exists in at 101.40.
MACD indicator displayed a divergence in the 1 hour chart. RSI is approaching the oversold territory.
The market appears to be bearish at the moment. Our analysts expect it to decline to 101.40
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