The US is releasing Crude Oil Inventories, Pending Home Sales m/m, Durable Goods Orders m/m and Core Durable Goods Orders m/m while Japan is not publishing any economic data.
The support rests at 112.180 with resistance at 112.800 which both lines are above the weekly pivot point at 111.890. 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 moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended towards 114 area.

usdjpy analysis