During today’s Asian trading session, the US dollar climbed, positioning itself above the 155.00 mark against the Japanese yen. The financial calendar is relatively quiet today, with Japan not scheduled to release any significant economic data. Similarly, there are no major data releases expected from the United States today. In this landscape of minimal data-driven market movement, investors are turning to sophisticated trading tools for an edge. Notably, an advanced AI has demonstrated remarkable capability by autonomously predicting market movements, securing over 34% return on investment in just the last 24 hours for its users. Discover more about this AI-driven trading success.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 08/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 156.89 | Daily R2 |
| Resistance 1 | 156.17 | Daily R1 |
| Support 1 | 154.27 | Daily S1 |
| Support 2 | 153.55 | Daily S2 |
USDJPY Indicator Table – 08/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USDJPY Indicator / Period Table – 08/05/2024
| 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 08/05/2024 – Reference Price : 155.21
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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