Technical Analysis Report - USD/JPY
26/09/2016 // 06:48:20 am
The currency pair USD/JPY gained hold of the ground after the breakout of the news that the BoJ could interfere.
On Friday, the currency pair moved to the level 101.40 on Friday. The currency pair USD/JPY slightly retreated from the recent high and moved down. The price touched the 50-EMA and bounced from it in the 4 hours chart. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance is at 101.40, the support comes in at 100.40.
The indicators MACD decreased which confirms the strength of sellers. RSI is close to the oversold area.
The pair is oversold and our analysts expects a correction towards 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