In today’s Asian market session, the US Dollar saw an uptick in its value against the Japanese Yen, reaching beyond the 151.000 benchmark.
Without any significant economic announcements from Japan for the day, all eyes are on the United States, which is expected to release its Service Sector Purchasing Managers’ Index (PMI) data later today.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 151.93 | Daily R2 |
| Resistance 1 | 151.78 | Daily R1 |
| Support 1 | 151.38 | Daily S1 |
| Support 2 | 151.23 | Daily S2 |
USDJPY Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDJPY Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 03/04/2024 – Reference Price : 151.59
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0) |