Technical Analysis Report - USD/JPY
04/08/2016 // 05:19:14 am
The yen weakened as an after effect of the BoJ’s minutes publication. The regulator intends to evaluate the impact of the negative rates.
Traders drove the dollar ascend in the USD/JPY pair. The USD/JPY is on the way to make a breakout at the resistance level of 101.40. The resistance is observed at 101.40, the support stands in at 100.40.
Sell signals are generated by the indicators MACD and RSI. The rise in MACD displays the weakening positions of the sellers. RSI left the oversold area.
In the 1-hour chart, the instrument snapped the 50-EMA. The 50, 100 and 200 Day EMAs are moving downwards.
We expect the pair to breach the 101.40 mark which will open the way for the buyers to 102.50.
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