USDJPY was supported by the news over developing a coronavirus vaccine. USD is showing falling signs after the sudden growth.
The support rests at 104.960 with resistance at 105.580 and both lines are above the weekly pivot point at 103.960. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 100 and 200. The Stochastic is showing downward momentum. RSI is rising towards overbought area and the MACD line is above the signal line in the positive territory.
The support level breakthrough will confirm the bearish sign towards 104.600; otherwise long positions are recommended towards 105.700.
