USDJPY could extend its rebound from 115.96 to be traded currently near 118.70, after breaking 118.36 which could cap its previous rebound from 116.67.
USDJPY daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 116.01 in its second day of being below the trading rate, after rebound extension to 118.86 last Friday.
While USDJPY daily RSI is referring now to existence in the neutral region reading now 47.879, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the overbought area above 80 reading now 87.048 leading its signal line which is still in the neutral region reading now 71.339.
Important levels: Daily SMA50 @ 120.69, Daily SMA100 @ 120.65 and Daily SMA200 @ 121.48
S&R:
S1: 116.45
S2: 115.96
S3: 115.55
R1: 119.68
R2: 120.64
R3: 121.49
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
USDJPY daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 116.01 in its second day of being below the trading rate, after rebound extension to 118.86 last Friday.
While USDJPY daily RSI is referring now to existence in the neutral region reading now 47.879, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the overbought area above 80 reading now 87.048 leading its signal line which is still in the neutral region reading now 71.339.
Important levels: Daily SMA50 @ 120.69, Daily SMA100 @ 120.65 and Daily SMA200 @ 121.48
S&R:
S1: 116.45
S2: 115.96
S3: 115.55
R1: 119.68
R2: 120.64
R3: 121.49
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
USDJPY could extend its rally from 115.96 with the risk appetite improving
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