HomeContributorsTechnical AnalysisUSD/JPY Analysis: Will Surge To Weekly R1

USD/JPY Analysis: Will Surge To Weekly R1

The US Dollar appreciated 0.38% against the Japanese Yen since Monday’s session. During Tuesday morning hours, the currency pair was located at 112.94 mark.

In regards to the near future, most likely, the rate will surge upwards to the weekly R1 at the 113.10 mark. The 55-hour and the 100-hour simple moving averages are trying to catch up the rate to give additional support to the rate on Tuesday.

On the other side, the fundamental news may affect the rate to move to any side, which may break today’s predictions for the currency exchange pair.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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