Japan has released Industrial Production and the US will publish Personal Spending and Income MoM.
The support rests at 111.860 with resistance at 112.600 which both lines are above the weekly pivot point at 111.750. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals.
Long positions are recommended towards the 61.8 level of Fibonacci at 113.3.

usdjpy analysis