Overview USDJPY pair
According to the results of the first quarter of 632000 new jobs were created in the American housekeeper. This figure is 10.8% more than last year's value.This was the highest quarterly growth in 2013. On the other hand, the average wage recorded growth in monthly terms by 0.28%, which will lead to an increase in required. activity and an increase in inflationary pressures.
Tool down to the level of 112.20. Later quotes taken to try to recover, but again came under pressure and the decline has resumed. The pair fell to 111.40, which was also broken.
In the area of 110.60 is the first support below - 109.80. In the area of 111.40 is the first resistance, above - 112.20.
A sell signal is strong and confirmed. The price is below the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the horizontal movement and the Kijun-sen - downward. The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
Histogram MACD is in the negative zone. Price reduced.
If southern momentum picks up the pace, then as a first target with a mark 110.60, and the following will be 109.80.
Source Fort Financial Services