The weakening of dollar in the Asian session for the USDJPY pair is observable. Unless the U.S. economy signs of weakness, we expect an upward momentum in this pair.
The support rests at 109.39 with resistance at 109.57 and the price is moving near the Pivot Point at 109.45. The EMA of 10 is moving in bearish bias and it is above EMA of 200 and the EMA of 100. The RSI is moving at the level of 50, the MACD histogram is in negative territory and is generated a crossover sell signal. The Stochastic is moving in oversold area and the ADX is not showing a clear signal. The price is inside the Ichimoku Cloud and the Chinkou Span is far away from the market price. The Tenkan-sen and the Kijun-sen are both showing a horizental momentum.

• There is resistance at 109.57, followed by resistance at 109.63 and 109.75.
• There is support at 109.39 Below, there is 109.27 and 109.21.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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