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USD/JPY Technical Analysis - USD/JPY Trading: 2020-12-28
USD/JPY Technical Analysis Summary
Below 103.39
Sell Stop
Above 103.62
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
USD/JPY Chart Analysis
USD/JPY Technical Analysis
The USDJPY technical analysis of the price chart on 1-hour timeframe shows USDJPY: H1 is testing the 200-period moving average MA(200) which is falling. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 103.39. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 103.62. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/JPY
Japan’s unemployment rate fell in November. Will the USDJPY retreat continue?
Japan’s unemployment rate fell in November: Japan’s Statistics Bureau reported Japan’s jobless rate fell to 2.9% in November after a 3.1% unemployment in October. No change in unemployment was forecast. This is bearish for USDJPY.
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