USDJPY analysis for 09.08.2016

USDJPY is under the influence of some economic reports such as Domestic CGPI, Domestic CGPI, Machine Orders and Machine Orders in Japan and Nonfarm Productivity and Unit Labor Costs in the US. The support rests at 102.180 with resistance at 102.600 which both lines are above the weekly pivot point at 101.760. The EMA of 10 is rising but the EMA of 100 is falling down. The RSI is moving upward, the MACD indicator is in positive territory and the ADX is showing strong buyers. Buyers can target 103.50 for the next price growth.

https://fxglory.com/usdjpy-analysis-for-09-08-2016/