USD is getting weak due to Trump’s Health Care promises.
The support rests at 111.100 with resistance at 111.560 which both lines are below the weekly pivot point at 113.460. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals.
Short positions are recommended targeting 111 area.

usdjpy analysis