Tuesday, July 4, 2017

USDJPY analysis for 04.07.2017

Japan is releasing BOJ Core CPI y/y, 10-y Bond Auction and Monetary Base y/y data. The support rests at 112.460 with resistance at 113.250 which both lines are above the weekly pivot point at 112.130. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Regardless of several pullbacks, the upward trend will continue towards 115 area. https://fxglory.com/usdjpy-analysis-for-04-07-2017/

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