Fort Financial Services - Analytics

    Fort Financial Services

    556.75 7.00/10
    100% of positive reviews

    USD/JPY (a 4-hour chart)

    USD/JPY (a 4-hour chart)

    General overview

    The debt market dynamics confirms the demand for the US assets. The Japanese and the US government bond yields are increasing which is a positive factor for the dollar. The US currency is supported by the commodity market sales. The oil and industrial metals finished the day in the negative area that traditionally has a positive impact on the dollar quotations.

    The price is finding the first support at 118.40, the next one is 117.80. The resistance is at 119.20, the next one is at 120.40.

    There is a strong sell signal. The price is below the Cloud now and the Chinkou Span. The Tenkan-sen and the Kijun-sen are directed downwards. The USD/JPY will keep falling until it is below the Cloud.

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

    Trading recommendations

    The pair seems to set its direction. If the course remains unchanged we will see the pair at the level of 118.40. Otherwise it will return above the 120.40.

    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