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

Dollar - Japanese Yen Analysis Analysis Technical analysis 08/04/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 08/04/2024

Support & ResistanceLevelExplanation
Resistance 2152.17Daily R2
Resistance 1152.00Daily R1
Support 1151.52Daily S1
Support 2151.35Daily S2

USDJPY Indicator Table – 08/04/2024

IndicatorSignal
SMA 20Buy
SMA 50Buy
SMA 100Buy
MACD( 12;26;9)Buy
RSI (14)Buy
Stochastic ( 9;6;3)Buy

USDJPY Indicator / Period Table – 08/04/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)BuyBuyBuy
SMA 20BuyBuyBuy

USDJPY 08/04/2024 – Reference Price : 151.78

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (3)

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