USD / JPY ncav cuag Overbought Thaj Chaw, Kev Cia Siab Txav Mus Los

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Theem Kuj Theem: 111.000, 112.000, 113.000
Cov Ntsiab Pab Txhawb: 104.000, 103.000, 102.000

USD / JPY Nqe Ntev Liaj Li Ntev: Bearish
Tus khub USD / JPY ntawm kev nqis tes qis. Lub cev ntsuab tswm ciab tau kuaj qib 50% Fibonacci retracement qib. Tus Yen yuav poob thiab nce qes qis ntawm 2.0 Fibonacci qib theem. Hauv lwm lo lus, txoj kev poob nqi yuav txuas ntxiv mus rau theem qis ntawm qib qib 103.50.

USD / JPY - Daim Ntawv Cim Txhua Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
The 50-day SMA and 21-day SMA are sloping downward indicating the bearish trend. The Yen is currently at level 47 of the daily Relative Strength Index. This indicates that the market is downtrend zone and below the centerline 50.

USD / JPY Lub Sijhawm Nruab Nrab Luv: Bearish
On the 4-hour chart, the Yen was earlier in a sideways move but now in an uptrend. Initially, the price fell to a low of 104.40 and resumed an upward move. The Yen is trading above level 105.00 and it has reached the overbought region.

USD / JPY - 4 Teev Sij Hawm

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
The Yen is currently above the 80% range of daily stochastic. It is in a strong bullish momentum. Sellers may emerge to push prices down. The SMAs are sloping upward indicating the uptrend.


General Outlook rau USD / JPY
The USD/JPY pair was earlier in an upward move. It appears the Yen has reached the overbought region of the market. Prices are likely to fall. According to the Fibonacci tool, the Yen will fall and reach a level at 2.0 Fibonacci extension level. That is, the pair will reach level 103.50.



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