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

EU Session Analysis for CFD Instruments 11/02/2021

Fundamental analysis

11 February, 2021

The USD/JPY pair was inched higher during the Asian session to 104.61. The pair rose modestly in very choppy trading for the Japanese Yen. It had several big swings on Wednesday. Japan’s economic calendar was empty on Wednesday. In the United States, CPI figures for January were reported slightly lower than expected. Core CPI printed at 0.0%, Month-over-Month, and 1.4%, Year-over-Year. The consensus forecasts were 0.2% and 1.5% respectively.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 11/02/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 11/02/2021

Support & Resistance Level Explanation
Resistance 2 104.88 Daily R2
Resistance 1 104.75 Daily R1
Support 1 104.39 Daily S1
Support 2 104.26 Daily S2

USDJPY Indicator Table - 11/02/2021

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

USDJPY Indicator / Period Table - 11/02/2021

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

USDJPY 11/02/2021 - Reference Price : 104.57

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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