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USD/JPY Technical Evaluation: Bearish RSI divergence

The USD/JPY pair is at present buying and selling at 109.56 – down Zero.18 p.c on the day – and will drop additional towards the ascending (bullish) 5-day transferring common (MA), at present at 109.26, courtesy of the bearish divergence of the 14-hour relative power index (RSI).

Hourly chart

The RSI is threatening to drop beneath 50.00 (within the bearish territory), having charted on Friday a decrease excessive versus a better excessive on value. The foremost averages (50, 100 and 200) are trending north and positioned one above the opposite, signaling that the trail of least resistance is on the upper facet. The greenback, subsequently, might discover bids on the ascending 5-day MA of 109.26.

Development: pullback underway

USD/JPY

Overview:
    Right this moment Final Value: 109.56
    Right this moment Day by day change: -Zero.19 pips
    Right this moment Day by day change %: -Zero.17%
    Right this moment Day by day Open: 109.75
Traits:
    Day by day SMA20: 109.25
    Day by day SMA50: 111.54
    Day by day SMA100: 112.06
    Day by day SMA200: 111.19
Ranges:
    Earlier Day by day Excessive: 109.9
    Earlier Day by day Low: 109.06
    Earlier Weekly Excessive: 109.9
    Earlier Weekly Low: 107.99
    Earlier Month-to-month Excessive: 113.83
    Earlier Month-to-month Low: 109.55
    Day by day Fibonacci 38.2%: 109.57
    Day by day Fibonacci 61.eight%: 109.38
    Day by day Pivot Level S1: 109.24
    Day by day Pivot Level S2: 108.73
    Day by day Pivot Level S3: 108.four
    Day by day Pivot Level R1: 110.08
    Day by day Pivot Level R2: 110.41
    Day by day Pivot Level R3: 110.92

 


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