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Main » 2016 » August » 7 » USD / JPY forecast for today 08/08/2016
USD / JPY forecast for today 08/08/2016



On Friday the US currency against the yen remained in a narrow range. After the upbeat news from the US, indicating the growth of jobs outside agriculture, currency instrument USD / JPY has appreciated considerably.




Current situation

At the auction a pair of dominant bullish sentiment, the overall tone of trading on a positive market. Traders lifted the dollar higher and closed trading in "green" zone. Resistance is located at 102.50, support - at 101.40.


The MACD shows a convergence that is a signal to buy. MACD rose. RSI rebounded from oversold area.


On the hourly chart tool has struck 50 EMA and the 100 EMA and remains above the last. EMA-50, 100-EMA-EMA and 200 move in a downward direction on the hourly time frame.


Forecast USD / JPY

Bullish sentiment begin to predominate in the pair. Perhaps the development of growth with the aim of 102.50.


Fort Financial Services




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