USD is acting stronger than JPY due to the strong NFP which supports Fed rate hike.
The support rests at 114.370 with resistance at 115.000 which the weekly pivot point at 114.600 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel, taking a long term look, and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on 50 level, the Stochastic is moving in its low ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Long positions are recommended targeting 116 area.

usdjpy analysis