USDJPY analysis for 28.09.2016

Yen gained momentum after Haruhiko Kuroda’s comments. The support rests at 100.380 with resistance at 100.840 which both lines are below the weekly pivot point at 101.260. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving close the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. Short positions are recommended targeting 100.00.

https://fxglory.com/usdjpy-analysis-for-28-09-2016/