USDJPY analysis for 12.12.2016

USD is acting stronger against the JPY as the result of the US treasury yields. The support rests at 114.850 with resistance at 116.140 which both lines are above the weekly pivot point at 114.640. The EMA of 10 is moving with bullish bias and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving is high ranges and the MACD indicator is in positive territory. The ADX is showing buy signal. Long positions are recommended targeting 117.00.


https://fxglory.com/usdjpy-analysis-for-12-12-2016/