In today’s Asian trading session, the US Dollar experienced a decline, falling below the 157.000 mark against the Japanese Yen. This movement occurs in a quiet data environment, with neither Japan nor the United States scheduled to release any significant economic updates today.
Market participants are keeping a keen eye on the USD/JPY pair, navigating through a period of reduced volatility due to the lack of major economic triggers. Amid these market conditions, it has been reported that users of an advanced AI-driven trading system have achieved a remarkable 34% Return on Investment within just the last 24 hours by capitalizing on such fluctuations. For further insights into this technology, click here.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 29/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 157.26 | Daily R2 |
| Resistance 1 | 156.95 | Daily R1 |
| Support 1 | 156.11 | Daily S1 |
| Support 2 | 155.80 | Daily S2 |
USDJPY Indicator Table – 29/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table – 29/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 29/04/2024 – Reference Price : 156.74
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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