The USD/JPY pair spiked higher on Friday. It is now trading at 106.386. In Japan, the Tokyo Core CPI for February fell 0.3%, Year-over-Year. That was slightly better than the analysts’ forecast of -0.4%. Japan’s Industrial Production for January printed at 4.2%, Month-over-Month. The consensus forecast was an increase of 4.0%. Retail Sales in Japan for January fell 2.4%, Year-over-Year. That too was slightly better than the consensus forecast of -2.6%. The United States will report Personal Spending for January, Chicago PMI for February, and Michigan Consumer Sentiment numbers later today.
Dollar - Japanese Yen Analysis Analysis
US Session Analysis for CFD Instruments 26/02/2021
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table - 26/02/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 106.88 | Daily R2 |
Resistance 1 | 106.62 | Daily R1 |
Support 1 | 106.15 | Daily S1 |
Support 2 | 105.94 | Daily S2 |
USDJPY Indicator Table - 26/02/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Sell |
Stochastic ( 9;6;3) | Buy |
USDJPY Indicator / Period Table - 26/02/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Sell |
MACD( 12;26;9) | Buy | Sell | Sell |
RSI (14) | Sell | Neutral | Neutral |
SMA 20 | Buy | Buy | Sell |
USDJPY 26/02/2021 - Reference Price : 106.25
Buy |
|
Ready for trading?Start Now