CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 06/05/2021

Fundamental analysis

06 May, 2021

The USD/JPY pair was slightly higher, trading around 109.x40 during the Asian session. The pair traded sideways on Wednesday in a tight range. It was a national holiday in Japan called Children’s Day. In the United States, the ADP Nonfarm Payroll Change for April fell short of its estimate. It printed at 742,000, the forecast was 800,000 jobs created. The U.S. ISM Services PMI for April also missed. It was 62.7. Analysts had expected 64.3.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 06/05/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 06/05/2021

Support & Resistance Level Explanation
Resistance 2 109.76 Daily R2
Resistance 1 109.58 Daily R1
Support 1 109.09 Daily S1
Support 2 108.91 Daily S2

USDJPY Indicator Table - 06/05/2021

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Buy

USDJPY Indicator / Period Table - 06/05/2021

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

USDJPY 06/05/2021 - Reference Price : 109.31

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