Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021 Research Department

The USD/JPY pair inched lower to 105.03 on Tuesday. The pair fell sharply on Monday as the Greenback weakened. Japan’s Corporate Services Price Index (CSPI) fell 0.5%, Year-over-Year. In the United States, the Dallas Fed Manufacturing Business index for February printed at 17.2. That was an improvement over January’s figure of 7.0. The U.S. Leading Index for January was reported to be 0.5%, Month-over-Month, as expected.

Technical analysis

Time Frame: 1 hour

USDJPY Support & Resistance Table - 23/02/2021

Support & Resistance	Level	Explanation
Resistance 2	105.53	Daily R2
Resistance 1	105.34	Daily R1
Support 1	104.82	Daily S1
Support 2	104.63	Daily S2

USDJPY Indicator Table - 23/02/2021

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

USDJPY Indicator / Period Table - 23/02/2021

Indicator / Period	Day - Sell	Week - Buy	Month - Sell
MACD( 12;26;9)	Sell	Sell	Sell
RSI (14)	Buy	Buy	Neutral
SMA 20	Sell	Buy	Sell

USDJPY 23/02/2021 - Reference Price : 105.07

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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