USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - USD/JPY Jumped to its Highest Level Over the Last 6-Weeks - 05/04/2017 (GMT)

  • Who voted?
  • 370
  • 0
  • Timeframe : Daily

Download a full-size picture
Are you looking for opportunities in indices and forex?
DISCOVER LONDINIA OPPORTUNITIES...

The U.S. dollar traded sharply higher versus the Japanese yen over Wednesday’s trading session as it rose 0.7% in just one day. The USD/JPY pair posted a six-week high and almost challenged our recommended target at 112.90 strong resistance barrier. The 100-daily SMA was a strong obstacle for the bulls, however, the pair jumped above it and now is approaching the 113.50 resistance barrier. On the other hand, a rebound on the descending trend line which is holding since December 2016 is possible.

The technical structure is endorsing the bullish attitude. The Relative Strength Index (RSI) is rising with strong momentum and is approaching the overbought area. Also, the MACD oscillator surpassed the trigger line and the mid-level confirming the recent upward movement in price.
This member did not declare if he had a position on this financial instrument or a related financial instrument.

About author

Offline

Overall rating :
1878
Number of analyses :
Followers :
90

Add a comment

no pic

Comments

0 comments on the analysis USD/JPY - Daily