In today’s Asian trading session, the U.S. Dollar exhibited strength against the Japanese Yen, surpassing the 154.00 mark. The financial calendar remains light today, with no significant economic data scheduled for release from either Japan or the United States. This absence of data has left traders focusing on broader market trends and preparing for any potential shifts that might arise from geopolitical events or unexpected financial updates. Investors are increasingly relying on advanced AI tools to navigate the forex market more effectively. Remarkably, users of one such AI system have achieved a 34% return on investment automatically within the last 24 hours, underscoring the potential of these technologies to transform market strategies Explore More.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 07/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 156.26 | Daily R2 |
| Resistance 1 | 155.51 | Daily R1 |
| Support 1 | 153.49 | Daily S1 |
| Support 2 | 152.74 | Daily S2 |
USDJPY Indicator Table – 07/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDJPY Indicator / Period Table – 07/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 07/05/2024 – Reference Price : 154.52
| BUY | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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