March 19, 2020
By IFCMarkets
USDJPY rising despite improved Japanese data
Business activity improvement in Japan was better than expected: All Industries Activity index rose 0.8% in January, when a 0.3% growth was expected. Despite better than expected Japanese business activity data USDJPY setup is bullish.
| Indicator | VALUE | Signal |
|---|---|---|
| MACD | Buy | |
| Stochastic | Sell | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Neutral | |
| Parabolic SAR | Buy |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 109.99 |
| Stop loss | Below 108.45 |
Market Analysis provided by IFCMarkets
