Analysis USD / JPY:
The USDJPY still teaches a sideways trend more evident that the channel remains valid even within which ranges from October last year. At first glance it is anticipated that the pair will tend to approach the area of 80.65 which is precisely where the floor of the canal. Currently on leave period so that reigns even sell signal. The latter is clearly seen in the interception of moving averages in which the largest period is greater than the lowest.
An element to take into account is the tremendous growth experienced by the volume of transactions since the beginning of March but this on the last day of last week fell sharply.
The RSI on the other hand, is in an intermediate zone, more precisely in the order of 41.35, still far from the critical zone of 30.
This pair should be carefully monitored as for Thursday of this week an announcement macroeconomic important for the Japanese economy and the publication of the target rate.
