During today’s Asian market hours, the US Dollar strengthened against the Japanese Yen, surpassing the 155.000 mark. This uptick occurs in a quiet data environment, with Japan not scheduled to release any significant economic indicators today. Similarly, there are no major data releases expected from the United States. This stability in economic announcements provides a unique opportunity for investors using advanced trading tools. Notably, users of a specific AI technology have experienced substantial success, reportedly achieving a 34% return on investment within just 24 hours by forecasting market movements with high accuracy, effectively putting their trading activities on autopilot. Discover how this AI technology can enhance your trading strategies.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 10/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 156.39 | Daily R2 |
| Resistance 1 | 156.07 | Daily R1 |
| Support 1 | 155.23 | Daily S1 |
| Support 2 | 154.91 | Daily S2 |
USDJPY Indicator Table – 10/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
USDJPY Indicator / Period Table – 10/05/2024
| 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 10/05/2024 – Reference Price : 155.65
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
