Analysis: Hourly USDJPY 11.02.2020
11 February

Analysis: Hourly USDJPY 11.02.2020

USDJPY

 

Technical Chart pick of the day: USDJPY – Bullish

 

· On a technical perspective, the trend is bullish, with prices above the 20, 40, 100 and 200 EMA.

· A bullish crossover occurred with the 20 EMA crossing the 40 EMA. This indicates that buying strength is present.

· Based on the pivot point analysis, prices are above the pivot level. This signifies bullishness.

 

Resistance: R1: 1.09.910, R2: 110.051, R3: 110.367

Support:      S1: 109.594, S2: 109.419, S3: 109.103

 

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