JPY is staying neutral against USD which is volatile due to the several economic reports which will be released in the US.
The support rests at 110.130 with resistance at 110.850 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 above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
It seems that the pair will continue its bullish trend towards 111.5.

usdjpy analysis

usdjpy