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 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

Sell
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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