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- Usd/JPY hovers below the main resistance where momentum shows signs of procrastination.
- The pair is pressed through the mixed Fed and Boj signals.
- The price -related price continues; Expected or collapse expected soon.
The pair of the dollar/JPY remains a pivotal point in the foreign exchange market, where it fluctuates within a major technical zone where the markets digest the advanced economic and monetary policy.
with US dollar (USD) trading at 145.13, a decrease of 0.47 %, against Japanese yen (JPY) at the time of writing this report, the last three -week gathering shows signs of fatigue, with the reflection of the basic measure of this week amid mixed feelings.
While inflation showed signs of cooling, Federal Reserve (The Federal Reserve) The officials maintained a cautious tone, which limits the possibility of aggressive price discounts in the short term. Meanwhile, the Japanese yen continues to burden the position of the BOJ’s highly policy, although the recent verbal intervention by Japanese officials introduced fluctuations in the yen pairs.
Feelings of risks and treasury also remain essential to the direction of the US dollar/JPY.
Daily momentum stalls are lower than resistance where the dollar is merged near 145.00
On the daily chart, the US dollar/JPY extended its recovery in the middle of the week, as it pushed over the simple 20 -day moving average (SMA) in 143.19 and restored the psychological level 144.00, which was previously resistance.
This step was strengthened by a 23.6 % Fibonacci reinforcement level at 144.37, and was measured from the top of January to the lowest level in April, allowing the husband to reach 146.19 on Friday.
However, the momentum faded up near SMA for 50 days at 146.34, where Price achieved strong resistance.
Failure to maintain levels that exceed 146.00 has declined and installed around a 145.00 handle, putting the pair inside a specific critical area by short -term intermediate averages.
This area between SMA for 20 days and 50 days represents pressure to make prices that can precede the collapse in either direction.
The RSI Index increased modestly to 52.37, indicating a slight tilt of the momentum, although it is still inside neutral lands and lacks excessive conditions in bloating.
Daily Plan USD/JPY
The highest weekly signals of the rotation of the US dollar/JPY/JPY
Taking into account a broader vision, the weekly graph reflects a maturity gathering, with the publication of the US dollar/JPY third weekly gain in a row before fulfilling the resistance.
This transformation is clarified in the momentum through the top of the yarn candlestickClassic signal for market frequency and possibly exhaustion.
The long upper shade highlights the rejection near the height of 146.19, while the long lower shade indicates the constant purchase department less than 144.00, which is the level of psychological and technical importance.
Resistance remains focused in SMA for 10 weeks (145.96) and SMA for 50 days, both of which have been restricted in the upward direction this week.
Support is well defined between 23.6 % Fibonacci alternative at 144.37 and 20 days of SMA in 143.19, reflecting an area in which the purchase interest has been repeatedly appeared. The rapprochement of signs across time frames indicate that although the broader trend remains constructive, the momentum has stopped, and the upcoming weekly closure will be a key to forming the medium -range path.
On the weekly graph, the relative strength index is currently reading at 40.97, which reflects a defeated momentum and lack of condemnation in the broader direction, with no lesson less than the 50 neutral line.
The weekly USD/jpy chart
USD/JPY at a turning point as the collapse or collapse was set to determine the next step
It will indicate a confirmed eruption over SMA for a period of 50 days (146.34) to the resumption of upward momentum in the US dollar/JPY, which opens the path towards the next resistance at 147.09, a decline of 38.2 % from January to April.
It can target the continuous purchase process that exceeds this point level 150.00, especially if the American treasury yield is fixed, Economic data It remains flexible, or the difference in policy between the Federal Reserve Bog still.
On the contrary, the failure to adhere to more than 144.37 followed by a decisive break less than SMA for 20 days that indicates the fading of the bullish momentum, and the conversion of the concentration is about 142.00 and perhaps 140.00, especially if the morale of the risk or disappointing the data in the United States is weakened.
