USD vs JPY

USD-JPY: The prices are at interesting levels

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Above 109.8 JPY the major trend remains bullish. 112.9 JPY and 113.68 JPY are in the line of sight. The breaking of 109.8 JPY would cancel this anticipation and favor a correction toward 109.03 JPY.

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 110.07 JPY the cross has been in a phase of technical recovery towards its 50-day moving average located at 111.13: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 112.9 JPY and 113.68 JPY. The supports are at 109.8 JPY then at 109.03 JPY .

USD-JPY: The analysis does not suggest a drop in the medium term

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As long as 109.32 JPY remains a support, the movement may join 112.68 JPY over the short term. The breaking of 109.32 JPY would invalidate this opinion and open the door for 108.48 JPY.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross But the Stochastics indicators are high, which calls for prudence in the very short-term. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 109.74 JPY, before a test of 109.32 JPY in the case of a breach. To the upside, the resistance at 112.68 JPY is intermediary before the strong level of 113.1 JPY.

Wait for a test of the support
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INDICATOR
Opinion Short Term Positive
Resistance 1 109.03JPY
Support 1 104.6JPY
Opinion Mid Term Bearish
Support 2 103.62JPY
Resistance 2 109.52JPY

STRATEGY
Above 103.62 JPY the USD-JPY is heading toward 109.03 JPY over the short term. Below 103.62 JPY the movement would reverse and then correct toward 103.12 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 108.7. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 104.6 JPY and the next is at 103.62 JPY; the resistances, located at 109.03 JPY and at 109.52 JPY must be exceeded for the trend to undergo a reversal.

Wait for a test of the support
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• INDICATOR
  
• Opinion Short Term Positive
  
• Resistance 1 108.59JPY
  
• Support 1 104.61JPY
  
• Opinion Mid Term Bearish
  
• Support 2 103.62JPY
  
• Resistance 2 109.59JPY
  

STRATEGY
Above 103.62 JPY the USD-JPY is heading toward 108.59 JPY over the short term. Below 103.62 JPY the movement would reverse and then correct toward 102.62 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 108.82. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 104.61 JPY and the next is at 103.62 JPY; the resistances, located at 108.59 JPY and at 109.59 JPY must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Positive
Resistance 1 115.25JPY
Support 1 110.85JPY
Opinion Mid Term Bearish
Support 2 109.38JPY
Resistance 2 116.72JPY

STRATEGY
Above 110.85 JPY the major trend remains bullish. 115.25 JPY and 116.72 JPY are in the line of sight. The breaking of 110.85 JPY would cancel this anticipation and favor a correction toward 109.38 JPY.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 111.09 JPY the cross has been in a phase of technical recovery towards its 50-day moving average located at 112.87: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 115.25 JPY and 116.72 JPY. The supports are at 110.85 JPY then at 109.38 JPY .

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INDICATOR
Opinion Short Term Neutral
Resistance 1 114.65JPY
Support 1 110.08JPY
Opinion Mid Term Neutral
Support 2 109.32JPY
Resistance 2 115.41JPY

STRATEGY
As long as 109.32 JPY remains a support, the movement may join 114.65 JPY over the short term. The breaking of 109.32 JPY would invalidate this opinion and open the door for 107.8 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 110.08 JPY, before a test of 109.32 JPY in the case of a breach. To the upside, the resistance at 114.65 JPY is intermediary before the strong level of 115.41 JPY.

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INDICATOR
Opinion Short Term Positive
Resistance 1 114.73JPY
Support 1 110.82JPY
Opinion Mid Term Bearish
Support 2 109.25JPY
Resistance 2 115.52JPY

STRATEGY
Above 109.25 JPY the USD-JPY is heading toward 114.73 JPY over the short term. Below 109.25 JPY the movement would reverse and then correct toward 108.46 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 112.82. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 110.82 JPY and the next is at 109.25 JPY; the resistances, located at 114.73 JPY and at 115.52 JPY must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 115JPY
Support 1 110.77JPY
Opinion Mid Term Bearish
Support 2 109.92JPY
Resistance 2 115.85JPY

STRATEGY
As long as 109.92 JPY remains a support, the movement may join 115 JPY over the short term. The breaking of 109.92 JPY would invalidate this opinion and open the door for 108.23 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 111.09 JPY the cross has been in a phase of technical recovery towards its 50-day moving average located at 112.83: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 115 JPY and 115.85 JPY. The supports are at 110.77 JPY then at 109.92 JPY .

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 114.49JPY
  
• Support 1 109.76JPY
  
• Opinion Mid Term Bearish
  
• Support 2 108.81JPY
  
• Resistance 2 115.44JPY
  

STRATEGY
Below 114.49 JPY the major trend remains bearish 109.76 JPY and then 108.81 JPY are in the line of sight. The surpassing of 114.49 JPY would cancel this anticipation and favor a recovery toward 115.44 JPY.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 112.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 109.76 JPY and the next is at 108.81 JPY; the resistances, located at 114.49 JPY and at 115.44 JPY must be exceeded for the trend to undergo a reversal.