USD/JPY

Updated: 2 days ago
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The Dollar-Yen bullish divergence kicks in but struggles to uphold. Nevertheless, it is still current along with the posted outside range that awaits confirmation which would acknowledge from the 104.70 break.

If seen would expose the region of 106.00-20. The two leading technical indicators, the Relative Strength Index (RSI) 3-day lookback, which is forming bullish divergence.

However, the Moving Average Convergence Divergence (MACD) is negative. Still, remember to continue to monitor your risk management stop-loss and take-profit in the event of any reversal.

Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states that will likely decide the election are tighter than the national surveys.

Meanwhile, the number of first-time unemployment-benefits filers declined for a second straight week and hit its lowest level since March.

Initial weekly U.S. jobless claims came in at 751,000 for the week ending Oct. 24, better than the forecast estimate of 778,000.

Levels 1st 2nd 3rd
Resistance 104.70 minor 105.45 106.00-20
Support 104.00-05 103.35-40 102.55-65