USDJPY analysis for 04.07.2016

USDJPY is under the influence of consumer prices and household spending in Japan. USDJPY is rising so slowly after the previous low due to the UK referendum. The support lies at 102.45 with resistance at 102.93 which both lines are below the monthly pivot point at 104.300. The EMA of 10 is below the EMA of 75 showing the recent price fall. The RSI is on 50 level, the MACD indicator is in neutral territory as well but the Stochastic is showing upward momentum. If the pair fixates around the support zone, further decline will be expected around the 101.40 area.

https://fxglory.com/usdjpy-analysis-for-04-07-2016/