During today’s Asian trading session, the US Dollar experienced a modest uptick against the Japanese Yen, crossing the 154.000 threshold. This movement reflects a cautious optimism in the market as traders position themselves ahead of significant economic data releases.
While Japan has no major economic data scheduled for release today, all eyes are on the United States where the Durable Goods Orders report is expected to be published. This key indicator, which reflects new orders placed with domestic manufacturers for delivery of hard goods, is a critical measure of the health of the manufacturing sector and can significantly influence market dynamics.
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Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 24/04/2024
Support & Resistance | Level | Explanation |
Resistance 2 | 155.26 | Daily R2 |
Resistance 1 | 155.09 | Daily R1 |
Support 1 | 154.61 | Daily S1 |
Support 2 | 154.44 | Daily S2 |
USDJPY Indicator Table – 24/04/2024
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 – 24/04/2024
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 24/04/2024 – Reference Price : 154.88
BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0) |
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