CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 03/02/2021

Fundamental analysis

03 February, 2021

The USD/JPY pair moved sideways on Wednesday in quiet trading, keeping to a tight range. It is now trading at 105.036. Japan’s Services PMI for January printed at 46.1. It declined from December’s figure of 47.7. The United States will report ADP Nonfarm Employment figures for January and its Services PMI for January this afternoon.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 03/02/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 03/02/2021

Support & Resistance Level Explanation
Resistance 2 105.31 Daily R2
Resistance 1 105.20 Daily R1
Support 1 104.89 Daily S1
Support 2 104.78 Daily S2

USDJPY Indicator Table - 03/02/2021

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

USDJPY Indicator / Period Table - 03/02/2021

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

USDJPY 03/02/2021 - Reference Price : 105.03

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Japanese Yen Chart
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