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Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

USD/JPY return above 109.30 on Friday trying to get to its yesterday’s session high of 109.473. Demand for the safe- haven yen has remained subdued nowadays as risk- on sentiment created by ongoing progress in trade talks between China and the US continued to prevail across the markets. Latest reports said that China and the US have agreed to roll back some tariffs, which instantly injected an addition dose of optimism into the markets. Later in the US, Michigan Consumer Sentiment for November will be released at 15:00 GMT.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

USDJPY Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 109.90 Daily R2
Resistance 1 109.63 Daily R1
Support 1 109.02 Daily S1
Support 2 108.75 Daily S2

USDJPY Indicator Table - 08/11/2019

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

USDJPY Indicator / Period Table - 08/11/2019

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell BuySell
SMA 20 Buy BuySell

USDJPY 08/11/2019 - Reference Price : 109.31

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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08/11/19 - Friday / Analysis
US Dollar - Japanese Yen Chart
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