There was the Emperor’s Birthday in Japan and the US will publish Chicago Fed National Activity Index. The support rests at 110.660 with resistance at 111.180 which both lines are below the weekly pivot point at 111.850. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. USDJPY may continue its bearish trend towards the lower Bollinger band at 110.5.
USDJPY analysis for 24.12.2018
Comments are closed.