April 30, 2020
By IFCMarkets
USDJPY falls on better than forecast Japanese data
Japan’s industrial output fell less than forecast in March: industrial production fell 3.7% in March following 0.3% decline in February when a 5% drop was expected. This is bearish for USDJPY.
| Indicator | VALUE | Signal |
|---|---|---|
| MACD | Sell | |
| Stochastic | Neutral | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 106.39 |
| Stop loss | Above 106.79 |
Market Analysis provided by IFCMarkets
