Japan has released the Consumer Confidence and Monetary Base y/y data and the US will publish Factory Orders m/m.
The support rests at 112.610 with resistance at 113.030 which both lines are above the weekly pivot point at 111.960. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals.
Long positions are recommended towards 113.7.

usdjpy analysis