BSI Manufacturing Index in Japan came better than expected.
The support rests at 109.920 with resistance at 110.400 which both lines are above the weekly pivot point at 108.360. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
If the support area remains intact, the price will grow towards 111 area.

usdjpy analysis

usdjpy