USDJPY was unable to maintain a place above 110 psychological level yesterday to find it easier to retreat to the current level without surpassing its daily SMA200, however it is still underpinned over shorter range by continued trading above its daily SMA50, its daily SMA100.
USDJPY is now trading close to 109.50, after reaching yesterday 110.03 on continued creeping up from its formed bottom on last Mar. 26 at 104.62.
USDJPY is now trading on its day number 27 of continued being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading 108.83 today.
USDJPY daily RSI-14 is still referring to existence inside its neutral territory reading 65.426, after inability to log in it overbought area above 30.
USDJPY daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral region at 75.216 leading to the downside its signal line which is higher just in the overbought region at 80.629 following convergence to the downside,
Important levels: Daily SMA50 @ 107.00, Daily SMA100 @ 108.73 and Daily SMA200 @ 110.196
S&R:
S1: 108.96
S2: 106.61
S3: 105.65
R1: 110.48
R2: 111.50
R3: 113.74
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
USDJPY is now trading close to 109.50, after reaching yesterday 110.03 on continued creeping up from its formed bottom on last Mar. 26 at 104.62.
USDJPY is now trading on its day number 27 of continued being above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading 108.83 today.
USDJPY daily RSI-14 is still referring to existence inside its neutral territory reading 65.426, after inability to log in it overbought area above 30.
USDJPY daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral region at 75.216 leading to the downside its signal line which is higher just in the overbought region at 80.629 following convergence to the downside,
Important levels: Daily SMA50 @ 107.00, Daily SMA100 @ 108.73 and Daily SMA200 @ 110.196
S&R:
S1: 108.96
S2: 106.61
S3: 105.65
R1: 110.48
R2: 111.50
R3: 113.74
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
