USDJPY Analysis: Lower Japan’s eco watchers index bullish for USDJPY

April 13, 2020

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.

IndicatorVALUESignal
MACDBuy
StochasticNeutral
Donchian ChannelSell
MA(200)Sell
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 107.76
Stop lossAbove 108.16

Market Analysis provided by IFCMarkets