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Technical Analysis Report - USD/JPY

29/09/2016 // 07:41:12 am

General outline

On wednesday, the US currency dollar rose because of profit fixation and was backed by the favourable mood after the election debates.

Present scenario

The US currency strived to gain back the lost ground . The 50, 100 and 200 EMAs displayed a bearing slope . All moving averages continued to move lower. The resistance is at 101.40, the support comes in at 100.40.

MACD continues to remain at negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory.

Trading commendations

Our analysts are expecting a 100.40 support break and then the follow up on a fall with a further target at 100.00.

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