USDJPY

USDJPY Parity was officially announced to have entered RECESSION after the data announced last week. It lost the title of the world's 3 largest economy to Germany, things are not going well for the Japanese Yen. The parity, which was called the Safe Haven of the Market for a long time, has now lost this title. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 150.00 on the previous trading day, was 0.17%. The RSI indicator for the parity, which is above its 20-day moving average, is at 61.68, while its momentum is at 102.51. The 150.03 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 150.17, 150.35 and 150.50 may become important. In possible pullbacks, 149.85, 149.70 and 149.52 will be followed as support levels. Support: 149,700 Resistance: 150,350