Fort Financial Services - Analytics

    Fort Financial Services

    562.00 7.00/10
    100% of positive reviews

    USD/JPY (a 4-hour chart)

    USD/JPY (a 4-hour chart)

    General overview

    There was no important macroeconomic statistics publication; the trades were set by the bond and stock markets. The US and Japanese government bond yields were expanding the whole last week that increases the investments’ attractiveness into the US assets. The investors' risk appetite is still preserved: the Chinese stock market closed the first half of the week with the quotations growth by 3.29%.

    The price is finding the first support at 119.20, the next one is 118.40. The resistance is at 120.40, the next one is at 121.60.

    There is a weak sell signal. The price is below the Cloud now. The USD/JPY is below the Chinkou Span. The Tenkan-sen and the Kijun-sen are directed downwards.

    The MACD indicator is in a negative territory now. The histogram is decreasing.

    Trading recommendations

    The pair is in a flat. The direction is uncertain. The first growth target is the level of 120.40. The decrease target is 119.20.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree