As BoJ is easing its monetary policy, JPY is getting weak. The support rests at 101.720 with resistance at 102.780 and the weekly pivot point is located below the resistance zone at 102.660. The EMA of 10 is moving with bearish bias and it is located above EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. Long positions ae recommended with the target at 104.50.
USDJPY analysis for 15.09.2016
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