USD JPY Technical Analysis | USD JPY Trading: 2019-12-06 | IFCM
IFC Markets Online CFD Broker

USD JPY Technical Analysis - USD JPY Trading: 2019-12-06

Rising Japanese wages bearish for USDJPY

Average wages in Japan rose 0.5% over year in October after a 0.5% rise in September. Will the USDJPY decline?

USDJPY falling below MA(200)

On 1-hour timeframe USDJPY: H1 is in downtrend, below the 200-period moving average MA(200) which is rising. The Stochastic indicator is in the oversold zone.

Technical Analysis Summary

OrderSell
Sell stop Below 108.55
Stop lossAbove 108.75

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger