Economic Calendar
There are no notable events scheduled to occur this week.
USD/JPY hourly chart analysis
The 50-hour SMA could push the rate up into testing the resistance of the weekly simple pivot point at 143.23, before the rate once again tests the 144.30/145.00 range. In the meantime, note that round exchange rate levels might act as resistance.If the rate declines below the moving average, the support zone at 142.00 could stop the pair from declining to the 141.00 level.
Hourly Chart
USD/JPY daily chart's review
On the daily candle chart, the USD/JPY face a resistance line that has kept the rate down since the pair booked the high level on November 12. Most recently, the trend line held and supported the combination of the 200-day SMA and the 144.60/146.00 zone.Regarding the future, if the 140.00 mark does not act as support, note the support and resistance range at 137.30/139.40.
Daily chart
Read More: Technical Analysis
Traders become neutral
Last week, the sentiment was 54% short.
On Wednesday, traders were 51% long and orders were 63% to sell the pair.