JPY is staying neutral while impacted by the the US Federal Reserve and the Bank of Japan. The support rests at 101.480 with resistance at 103.180 which the weekly pivot point at 102.340 is staying in between lines. The EMA of 10 is moving with bullish bias and it is reaching the EMA of 100. The RSI is falling sharply on the 50 level, the Stochastic is moving in its maximum rate and the MACD indicator is in neutral territory. The support level breakthrough will smooth the way for further decline targeting 101.0 area, otherwise it will grow to 103.50.
USDJPY analysis for 21.09.2016
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