Friday, October 6, 2017

USDJPY analysis for 06.10.2017

Japan has published the Leading Indicators and Average Cash Earnings y/y data and the US will release Consumer Credit m/m, Unemployment Rate and Non-Farm Employment Change. The support rests at 112.840 with resistance at 113.160 which both lines are above the weekly pivot point at 112.390. The EMA of 10 is moving with bullish bias in 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 moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals. USDJPY will continue its bullish trend towards 113.55. https://fxglory.com/usdjpy-analysis-for-06-10-2017/

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