CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

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

Dollar - Japanese Yen Analysis Analysis Technical analysis 23/02/2021
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 - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy BuyNeutral
SMA 20 Sell BuySell

USDJPY 23/02/2021 - Reference Price : 105.07

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Japanese Yen Chart
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