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Analysis of USD/JPY for 1h

2/4/2025

Analysis of USD/JPY for 1h

Analysis of USD/JPY

Based on the provided data for the USD/JPY pair on a 1-hour interval on February 4th, 2025, we can make the following analysis:

1. **Price Movement**: The price of USD/JPY fluctuated throughout the day, with the price closing at 155.25999. The price opened at 155.28000, reached a high of 155.52000, and a low of 154.83000.

2. **Relative Strength Index (RSI)**: The RSI values ranged from 54.54624 to 58.34686, indicating a moderate bullish momentum during the trading day.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line was positive, with values ranging from 0.05315 to 0.08981. The MACD signal line and histogram also showed positive values, indicating a bullish trend.

4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) all showed an increasing trend, suggesting a bullish sentiment in the market.

Overall, based on the RSI, MACD, and Moving Averages analysis, the USD/JPY pair on February 4th, 2025, exhibited a bullish bias with potential for further upward movement. Traders may consider looking for buying opportunities in line with the observed trends.

MACD of USD/JPY

This is not investment advice. Remember to verify the information provided here.

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