By IFCMarkets
Lower Japan’s eco watchers index bullish for USDJPY
Japan’s economy watchers sentiment fell in March: the eco watchers index fell to 14.2 from 27.4 in February, when a decline to 22.2 was expected. While this is bullish for USDJPY, technical setup remains bearish.
| Indicator | VALUE | Signal |
|---|---|---|
| MACD | Buy | |
| Stochastic | Neutral | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 107.76 |
| Stop loss | Above 108.16 |
Market Analysis provided by IFCMarkets