In today’s Asian trading hours, the US Dollar experienced a decline against the Japanese Yen, falling below the 155.000 mark. This movement reflects subdued trading activity, as both Japan and the United States have no significant economic data releases scheduled for the day.
Investors are taking a cautious approach, navigating the currency markets with limited economic indicators to guide their decisions. This lack of data often leads to lower volatility, but it also provides an opportunity for traders to reevaluate their positions based on broader geopolitical and economic trends that could impact the forex markets in the coming days.
In such a scenario, sophisticated Artificial Intelligence (AI) technologies are proving to be invaluable. These tools enable investors to predict market movements with remarkable accuracy, even on days devoid of major economic announcements. Indeed, users of this AI technology have reported a remarkable 34% Return on Investment in just 24 hours, demonstrating the power of AI to navigate and capitalize on market subtleties effectively.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 19/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 154.90 | Daily R2 |
| Resistance 1 | 154.65 | Daily R1 |
| Support 1 | 153.99 | Daily S1 |
| Support 2 | 153.74 | Daily S2 |
USDJPY Indicator Table – 19/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table – 19/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USDJPY 19/04/2024 – Reference Price : 154.31
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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