JPY is being supported due to the new president’s speech and Japan’s satisfactory economic reports. The support rests at 114.42 with resistance at 115.530 which both lines are below the weekly pivot point at 116.870. The EMA of 10 is moving with bearish bias along the descendant channel and it has reached the EMA of 200 but both are below the EMA of 100. The RSI is falling below the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing a sell signal. The support level breakthrough will smooth the way for further decline targeting 113.
Comments are closed.
Search
-
USDCHF analysis for 27.01.2023January 27th, 2023
-
GBPUSD analysis for 26.01.2023January 26th, 2023
-
Gold analysis for 25.01.2023January 25th, 2023
-
USDCAD analysis for 23.01.2023January 23rd, 2023
-
USDJPY analysis for 19.01.2023January 19th, 2023
-
EURUSD analysis for 18.01.2023January 18th, 2023
-
GBPUSD analysis for 16.01.2023January 17th, 2023
-
Martin Luther King Jr. Day Announcement 2023January 15th, 2023
-
EURCAD analysis for 13.01.2023January 13th, 2023
-
USDCAD analysis for 12.01.2023January 12th, 2023