The USD/JPY pair climbed, moving to around 113.04 during the Asian session with the Yen being supported by safe haven demand. The pair finishedFriday marginally higher than where it started the day. Japan’s Services PMI for November was reported to be 53.0. In the United States, Nonfarm Payrolls Change for November printed at 210,000 new jobs, well below the consensus forecast of 550,000. The U.S. Unemployment Rate for November dropped to 4.2%, beating the analysts’ estimate of 4.5%.
Dollar - Japanese Yen Analysis Analysis
EU Session Analysis for CFD Instruments 06/12/2021
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table - 06/12/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 113.73 | Daily R2 |
Resistance 1 | 113.43 | Daily R1 |
Support 1 | 112.63 | Daily S1 |
Support 2 | 112.33 | Daily S2 |
USDJPY Indicator Table - 06/12/2021
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 - 06/12/2021
Indicator / Period | Day - Sell | Week - Buy | Month - Buy |
MACD( 12;26;9) | Sell | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Sell | Buy | Buy |
USDJPY 06/12/2021 - Reference Price : 113.09
Sell |
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