Following the fell of dollar on Thursday, the USDJPY is growing in today’s Asian session. So, an upward trend is observable in 4H time frame.
The support rests at 109.47 with resistance at 109.62 which the Pivot Point at 109.57 is located above the price line. Also, the price is going to touch the first support. The EMA of 10 is moving in bullish bias and it is above EMA of 200 and below the EMA of 100. The RSI is moving in overbought area, the MACD histogram is in positive territory and is going to generate a crossover sell signal. The Stochastic is moving toward high ranges and the ADX is moving horizontally. The price is above the Ichimoku Cloud and the Chinkou Span is far away from the market price. The Tenkan-sen and the Kijun-sen are both showing an upward momentum.

• There is resistance at 109.62, followed by resistance at 109.72 and 109.72.
• There is support at 109.47 Below, there is 109.42 and 109.32.

JPYanalysis