Fort Financial Services - Analytics

    Fort Financial Services

    567.00 7.00/10
    100% of positive reviews

    USD/JPY (a 4-hour chart)

    USD/JPY (a 4-hour chart)

    General overview

    The US and Japanese government bonds yield differential expanded. That fact, as usual, increases the investment attractiveness in the US assets and thereby supported the dollar. However by the end of the trades the pair sharply fell.

    The first support resides at 115.40, the next is at 114.60. The first resistance stands at 116.20, the next one is at 117.00.

    There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows a downward movement. The downward movement will be until the price is under the Cloud.

    The MACD indicator is in a negative territory. The price is decreasing.

    Trading recommendations

    After the support level of 115.40 breakthrough down the way to the support 114.60 will be opened.

    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