Not being interested in the U.S job report by many investors, we had a sharp fall for USDJPY on Friday. On the 4H time frame we have a price struggling for a growth. So, selling is not recommended.
The support rests at 108.75 with resistance at 108.95 which the Pivot Point at 108.83 is located between the lines. Also, the price is reaching the PP. The EMA of 10 is moving horizontally in the ascendant channel and it is above EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the MACD histogram is in negative territory and the Stochastic is moving in high ranges.
• There is resistance at 108.95, followed by resistance at 109.03 and 109.15.
• There is support at 108.75 Below, there is 108.63 and 108.55.
Comments are closed.
