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.
Dollar - Japanese Yen Analysis Analysis
EU Session Analysis for CFD Instruments 23/02/2021
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 |
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