Technical Analysis Report - USD/JPY
20/09/2016 // 07:30:35 am
The dollar lost grounds against the yen ahead of the Fed and BoE’s meetings this Wednesday.
The neutral phase that started last week is still intact. The price traded within a broad range between 101.40 and 102.50. The moving averages are neutral in the 4 hours chart. The resistance is at 102.50, the support comes in at 101.40.
MACD entered the negative area. MACD slightly decreased which confirms the strength of sellers. RSI is approaching oversold area.
Or analysts prefer to stay neutral for now. We believe the price will continue sideways trades ahead of the Fed meeting this Wednesday.
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