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Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

USD/JPY fell this afternoon to test a session low of 109.733 after it earlier this morning hit the rate of 110.00 anew. Overall, the dollar has gained around one percent versus the Japanese currency so far this month as global risk sentiment improved and led to a modest rally in global equities. Japanese demand for foreign bonds has been another reason for the strength in dollar/yen. In US, Federal Reserve Chairman Jerome Powell said overnight the U.S. economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union. Later this afternoon, US Initial Jobless Claims will be released.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

USDJPY Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 110.20 Daily R2
Resistance 1 110.00 Daily R1
Support 1 109.55 Daily S1
Support 2 109.37 Daily S2

USDJPY Indicator Table - 07/02/2019

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USDJPY Indicator / Period Table - 07/02/2019

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell SellNeutral
SMA 20 Sell SellSell

USDJPY 07/02/2019 - Reference Price : 109.75

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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