Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

USD/JPY was trading slightly lower on Wednesday, enough to break below the mark of 108.50. Demand for the safe- haven yen rose after reports of massive protests in Hong Kong, which could put in jeopardy the functioning of one of the most important financial hubs in Asia. Rising trade tensions between China and the US have also pushed investors toward the safe- haven yen. In Japan, Japan’s machinery orders unexpectedly rose for a third straight month in April. Cabinet Office data released on Wednesday showed core machinery orders increased 5.2% in April from the previous month. Later in the US, fresh monthly inflation data will be released at 13:30 GMT+1.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

USDJPY Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 108.80 Daily R2
Resistance 1 108.60 Daily R1
Support 1 108.27 Daily S1
Support 2 108.07 Daily S2

USDJPY Indicator Table - 12/06/2019

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

USDJPY Indicator / Period Table - 12/06/2019

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

USDJPY 12/06/2019 - Reference Price : 108.45

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