The USD/JPY pair inched lower to 106.19 on Friday. The pair rose on Thursday. Japan’s Leading Index for January fell 0.8%, Month-over-Month. In the United States, Initial Jobless Claims for the past week were 730,000. That was much better than the 838,000 that had been forecast. Core Durable Goods for January printed at 1.4%, Month-over-Month. Analysts had expected only 0.7%. Pending Home Sales for January fell 2.8%, Month-over-Month. The consensus forecast was a drop of only 0.2%. The 4th Quarter GDP revision came in at 4.1%, Quarter-over-Quarter, a tenth of a percentage point less than predicted.
Dollar - Japanese Yen Analysis Analysis
EU Session Analysis for CFD Instruments 26/02/2021
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table - 26/02/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 106.62 | Daily R2 |
Resistance 1 | 106.42 | Daily R1 |
Support 1 | 105.88 | Daily S1 |
Support 2 | 105.68 | Daily S2 |
USDJPY Indicator Table - 26/02/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Buy |
Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table - 26/02/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Sell |
MACD( 12;26;9) | Buy | Sell | Sell |
RSI (14) | Buy | Neutral | Neutral |
SMA 20 | Buy | Buy | Sell |
USDJPY 26/02/2021 - Reference Price : 106.17
Buy |
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