USDJPY analysis for 29.09.2016

USD gained power after the election debates. The support rests at 100.740 with resistance at 102.000 which the weekly pivot point at 101.260 is staying in between lines. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is growing towards the overbought area, the Stochastic is moving in its high ranges and the MACD indicator is in negative territory heading up. The pair seems bullish at the moment targeting 101.8 area, otherwise it will fall towards 100 area.

https://fxglory.com/usdjpy-analysis-for-29-09-2016/