USDJPY is under the influence of China and North Korea threats and Japanese GDP.
The support rests at 114.370 with resistance at 114.610 which both lines are above the weekly pivot point at 113.470. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on overbought area, the Stochastic is moving in its high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
The pair is climbing up the ascendant channel targeting 115.

usdjpy analysis

usdjpy