By IFCMarkets
Japan’s industrial production downgrade bullish for USDJPY
Japan’s industrial production for April was downgraded: the final estimate was downgraded to -9.8% from -9.1% of preliminary estimate, following a 3.7% decline in March. This is bullish for USDJPY.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 107.55 |
| Stop loss | Below 106.77 |
Market Analysis provided by IFCMarkets