Japan has published the Final Manufacturing PMI and the US such will release Crude Oil Inventories, Natural Gas Storage, Final Services PMI, Unemployment Rate, Non-Farm Employment Change and Average Hourly Earnings m/m. The support rests at 107.250 with resistance at 108.530 which both lines are below the weekly pivot point at 110.570. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals. It may take some time for USDJPY to recover from the previous price decline towards 104 area. While considering pullbacks on the way, USDJPY may grow towards 110.
USDJPY analysis for 04.01.2019
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