OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY is hitting a ceiling

Although the 50- and the 200-period SMAs are positively aligned, the upside in USD/JPY has stalled in recent trading.

A 4hr stochastic above its median line don’t necessarily favours a liquidation of long-term buy positions, but the 1-hour stochastic is increasingly pointing that it could be necessary soon.

The oscillator has been precariously perched above the 70% level for more than eight hours and has just abandoned overbought territory with the recent hourly close. We see bias for a roll back lower in the short-term.

Czech Republic Consumer Price Index (YoY) down to 0.2% in October from previous 0.4%

Czech Republic Consumer Price Index (YoY) down to 0.2% in October from previous 0.4%
Read more Previous

Turkey Industrial Production (YoY) fell from previous 7.2% to 2.8% in September

Turkey Industrial Production (YoY) fell from previous 7.2% to 2.8% in September
Read more Next
Start livechat