USD / JPY leit yn in oversold regio, keapers komme nei Revisit Level 107.00

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RESULTS

Key Resistance Levels: 111.00, 112.00, 113.00
Key Support Levels: 104.00, 103.00, 102.00

USD / JPY Priis Lange termyn Trend: fariearjend
USD/JPY was earlier in a sideways trend as prices make a downward move. The price has already broken below the lower price range. The price action is indicating bullish signals as the pair moves up. On the upside, if price breaks above level 106.00, the pair will rise into the previous range.

Yndyske oantsjuttings foar lêzen fan kaart:
The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways move. The Yen is currently at level 30 of the daily Relative Strength Index. The market is in the downtrend zone as price makes an upward move.

USD / JPY Middellange termyn Trend: Bearish
The USD/JPY pair is in a descending channel. The market fell to level 105.11 and resumed an upward move. The Japanese Yen has been trading in the oversold region for the past week. The pair has risen to level 105.60 and is expected to reach level 107.00.

4-oere grafyske yndikatoaren lêze
It pear is fallen ûnder 20% berik fan 'e deistige stochastyk. It ymplisearret dat de merk yn 'e oersolde regio fan' e merk is. Keapers binne al ûntstien om prizen omheech te drukken. De SMA's hellen ek nei ûnderen. It jout de nedige beweging oan.

Algemien Outlook foar USD / JPY
The Japanese Yen has fallen to the oversold region. The selling pressure has been exhausted as buyers emerged in the oversold region. The price is also approaching the resistance line, a break above the resistance will accelerate price movement on the uupside.


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