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Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

The USD/JPY pair fell to trade around 109.67 during the Asian session. The pair drifted lower in choppy trading on Wednesday. Japan’s Leading Index for February rose 1.2%, Month-over-Month. The United States reported its Trade Balance for February to be -$71.10 billion. Analysts had estimated -$70.50 billion.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 110.01 Daily R2
Resistance 1 109.85 Daily R1
Support 1 109.42 Daily S1
Support 2 109.26 Daily S2

USDJPY Indicator Table - 08/04/2021

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 - 08/04/2021

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell BuyNeutral
SMA 20 Sell BuyBuy

USDJPY 08/04/2021 - Reference Price : 109.67

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