Tuesday, April 11, 2017

USDJPY analysis for 10.04.2017

USDJPY is under the influence of USA bombing a Syrian airbase. The support rests at 111.240 with resistance at 111.660 which both lines are above the weekly pivot point at 110.900. The EMA of 10 is moving with bullish bias but it is below the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. USDJPY is falling towards 110 area. https://fxglory.com/usdjpy-analysis-for-10-04-2017/

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