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

Dollar - Japanese Yen Analysis Analysis Technical analysis 19/04/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 19/04/2024

Support & ResistanceLevelExplanation
Resistance 2154.90Daily R2
Resistance 1154.65Daily R1
Support 1153.99Daily S1
Support 2153.74Daily S2

USDJPY Indicator Table – 19/04/2024

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

USDJPY Indicator / Period Table – 19/04/2024

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

USDJPY 19/04/2024 – Reference Price : 154.31

BUYSimple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1)

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