USDJPY analysis for 30.06.2016

USDJPY is under the influence of some economic reports such as the Housing Starts y/y and Prelim Industrial Production m/m in Japan and Gas Storage, Chicago PMI, and Unemployment Claims in the US. Today USDJPY has created bearish candles and it seems that it is falling down again. The support rests at 102.380 with resistance at 103.070 which both lines are below the monthly pivot point at 109.230. the EMA of 10 is rising towards the EMA of 75. The RSI is at the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The pair looks bearish at the moment however it might rise a little bit but it is not going to break the resistance zone. Sellers can target 102.00.

https://fxglory.com/usdjpy-analysis-for-30-06-2016/