Technical Analysis Report - USD/JPY
01/08/2016 // 05:17:08 am
The yen gained power when the BoJ decided to increase its purchases of ETFs (exchange-traded funds). But it was not enough as the BoJ’s statements disappointed the investors as they expected bolder measures from the regulator.
The currency pair declined to the lowest level since July 11th. The resistance is observed at 103.50, the support exists at 102.50.The indicators MACD and RSI point toward sell signal. MACD decreased which indicates the strength of the seller. RSI moved to the oversold area. In the 4-hours chart, the instrument breached the 50, 100 and 200 Day EMAs downwards.
The pair is moving around the support level of 101.40. If it breaches the level , an earthward movement will continue.
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