After several weeks of decline, USD is finding momentum to overcome the drop. The optimism on the US stock exchanges is supporting USD as well.
The support rests at 108.550 with resistance at 109.090 which the weekly pivot point at 109.800 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is showing upward momentum, the RSI is growing towards level 50. The MACD is moving in positive territory and the ADX is not showing any clear signals.
USDJPY is growing up targeting 110.
