USDJPY will be volatile today because the numerous economic reports releasing today. Japan has already released the Economy Watchers Sentiment and US will publish Natural Gas Storage, Unemployment Claims and Challenger Job Cuts y/y.
The support rests at 105.660 with resistance at 106.320 which the weekly pivot point at 106.210 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USD is getting empowered and there is high chance that this pair starts its correction pattern soon, however, if it breaks the support line, the price will fall towards 104.

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usdjpy