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 18/03/2021

Fundamental analysis

18 March, 2021

The USD/JPY pair bounced up and down in a very big channel today and is currently slightly higher. It is 109.056 at midday in Europe. Japan is not scheduled to post any economic data today. Rising treasury yields in the United States are causing a lot of volatility in the foreign exchange markets. The United States will report Initial Jobless Claims for the past week and release the Philly Fed Manufacturing Index for March later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 18/03/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 18/03/2021

Support & Resistance Level Explanation
Resistance 2 109.41 Daily R2
Resistance 1 109.25 Daily R1
Support 1 108.82 Daily S1
Support 2 108.65 Daily S2

USDJPY Indicator Table - 18/03/2021

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

USDJPY Indicator / Period Table - 18/03/2021

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

USDJPY 18/03/2021 - Reference Price : 109.10

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