Tuesday, September 19, 2017

USDJPY analysis for 19.09.2017

The US is publishing Import Prices m/m, Housing Starts, Current Account, and Building Permits while Japan is not releasing any economic reports. The support rests at 111.250 with resistance at 111.850 which both lines are above the weekly pivot point at 110.080. 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 moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. USDJPY is moving with bullish bias targeting 114.50. https://fxglory.com/usdjpy-analysis-for-19-09-2017/

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