Japan is releasing Current Account along with the US publishing JOLTs Job Openings.
The support rests at 110.400 with resistance at 110.860 which the weekly pivot point at 110.520 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 110 level.

usdjpy analysis