As the Asian markets opened today, the US Dollar witnessed a significant uplift, crossing the threshold of 151.000 against the Japanese Yen. This movement indicates a robust performance by the Dollar amidst a calm data-reporting day.
Both Japan and the United States have their economic calendars clear of major announcements for the day. This absence of fresh economic data provides a unique vantage point from which to observe the currency dynamics, free from the immediate fluctuations often triggered by such reports.
Amidst this market scenario, an innovative approach using Artificial Intelligence (AI) has enabled investors to navigate the financial waters with remarkable efficiency. By employing AI technology, individuals have been able to predict market movements with a high degree of accuracy, essentially putting their investment strategies on autopilot. This strategic advantage has translated into substantial gains, with users achieving over 34% Return on Investment (ROI) within the last 24 hours alone. Discover more about this groundbreaking method and its implications for the market here.
The day’s trading activities underscore a valuable insight for investors: with the right technological tools and a clear market landscape, significant opportunities for profit emerge, even in the absence of new economic data.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 08/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 152.17 | Daily R2 |
| Resistance 1 | 152.00 | Daily R1 |
| Support 1 | 151.52 | Daily S1 |
| Support 2 | 151.35 | Daily S2 |
USDJPY Indicator Table – 08/04/2024
| 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 – 08/04/2024
| 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 08/04/2024 – Reference Price : 151.78
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (3) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
