Thursday, October 26, 2017

USDJPY analysis for 26.10.2017

Japan is publishing SPPI y/y data, and the US will release Natural Gas Storage, Pending Home Sales m/m, Prelim Wholesale Inventories m/m and Unemployment Claims. The support rests at 113.450 with resistance at 114.010 which both lines are above the weekly pivot point at 112.900. 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 moving horizontally on 50 level, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. USDJPY will continue its bullish trend towards 114.5.

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