ZAR/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The ZAR/JPY currency pair reached resistance at the 8.6360 level, and the breakout was denied, increasing the probability of further price discovery towards the 8.4900 level. If support at the 8.35 level is broken, momentum could increase the likelihood of further selling pressure. The 10-hour RSI suggests the currency pair has been overbought.

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