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USDJPY could extend its rally from 115.96 with the risk appetite improving

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 25, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    USDJPY Daily 25-01-2016 05-55-51 ص.jpg
    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


    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
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

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