USD/JPY has a rather ambiguous dynamic

13 December, 2018

  • ​Prev Open: 113.364
  • Open: 113.277
  • % chg. over the last day: -0.10
  • Day's range: 113.441 – 113.470
  • 52 wk range: 104.56 – 114.56

USD/JPY has a rather ambiguous dynamic. The financial market participants are waiting for additional drivers. Positions should be opened from the key support and resistance levels 113.300 and 113.550. Keep an eye on the US Treasury bonds yield.

The price has fixed above the 200 MA and 50 MA which points towards a bullish mood.

The MACD histogram is in the positive zone which gives a strong signal to buy USD/JPY.

The Stochastic Oscillator is in the neutral zone, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 113.300, 113.000, 112.700
  • Resistance levels: 113.550, 113.800

If the price fixes above the support level of 113.550, it is necessary to consider buying USD/JPY. The movement is tending to 113.800-114.000.

An alternative could be the descent of the USD/JPY quotes to 113.000.


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