Technical Analysis

USD/JPY consumers look to recapture near-term management, assessments 100-hour transferring common

The US greenback is holding regular in opposition to the remainder of the main bloc at present

USD/JPY H1 08-02-19

Value is making one other try to interrupt above the 100-hour MA (purple line) because the greenback continues to carry its floor in opposition to the remainder of the main currencies bloc. There is not a lot else that has modified as danger sentiment continues to look sluggish with European equities buying and selling combined close to flat ranges whereas US fairness futures are down by zero.three% presently.

If consumers handle a break above the 100-hour MA @ 109.86, there’s nonetheless the 110.00 stage to cope with so any upside break stays relatively restricted so long as danger sentiment would not shift in direction of being extra optimistic.

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