USD / JPY Current price: 112.16
The positive data from the United States published on Thursday was not enough to boost the pair of 112.50, the US Treasury’s decline in performance after an auction and the end of the day. are. The smallest day of the USD / JPY pair was closed, but after 30 PIPS were traded within a narrow period of the day.
Japanese data at the beginning of the day, the Trade Price Index rose by 0.3% in September and registered an annual gain of 3%, according to estimates, and analysts were slightly better than in August.
The pair has reduced to almost three weeks, but in recent days they have risen sharply, keeping the pair above 112.00, with a 23.6% drop in its September / October rally.
A 4-hour chart shows that sales interest is limiting the progress of the SMA in the 100s, currently around 112.50, while the Momentum indicator continues to be a turning point in the neutrality of the country, although the RSI indicator declines negative in the field, as a consequence of the next drop in the next round Also, a break under the aforementioned support.
Levels of support: 112.00 111.65 111.20
Resistance level: 112.65 113.00 113.45
Resistance levels: 112.65 113.00 113.45
Written by FXStreet