As we attempt to regain the general upswing, the US dollar has risen against the Japanese yen. Despite this, there is still much to be done. Tuesday’s trading session saw a little increase in the value of the US dollar as the interest rate difference continued to drive the greenback higher. People are ready to invest everything they can in this market because they believe that the US dollar is going to rise over the 112 level. It will be fascinating to see whether we can break over the 112 level, which has previously served as major barrier.
The support rests at 111.62 with resistance at 111.84 and the price is moving above the Pivot Point at 111.69. The EMA of 10 is moving in bullish bias in the ascendant channel and passed the EMA100 and EMA of 200. The RSI is in high ranges, the MACD histogram is in positive territory. The Stochastic is moving in the overbought area and created a crossover buy signal. The ADX is not showing an upward momentum. The price is above the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are reaching each other in an upward momentum.

• There is resistance at 111.84, followed by resistance at 111.91 and 112.06.
• There is support at 111.62 Below, there is 111.47 and 111.40.

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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