Friday, September 29, 2017

USDJPY analysis for 29.09.2017

Japan is publishing Inflation Rate YoY, Unemployment Rate and Housing Starts YoY along with the US releasing Revised UoM Consumer Sentiment, Chicago PMI and Core PCE Price Index m/m. The support rests at 112.360 with resistance at 112.780 which both lines are above the weekly pivot point at 111.890. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The 112 area seems to be a strong supportive level therefore buyers can target 113. https://fxglory.com/usdjpy-analysis-for-29-09-2017/

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