Japan has released the Housing Starts y/y, BOJ Core CPI y/y and Unemployment Rate, and the US will publish CB Consumer Confidence and Employment Cost Index q/q.
The support rests at 113.020 with resistance at 113.360 which both lines are below the weekly pivot point at 113.780. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals.
Long positions are recommended towards 114 area.

usdjpy analysis