USDJPY analysis for 18.04.2017

Japan is in tension with North Korea actions which influences this currency. The support rests at 108.770 with resistance at 109.310 which both lines are below the weekly pivot point at 109.570. The EMA of 10 is moving with bullish bias and it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The price will continue its decline targeting 107. https://fxglory.com/usdjpy-analysis-for-18-04-2017/