USDJPY analysis for 22.11.2017

Japan is not releasing any economic data but the US will publish the core durable goods data and the FOMC minutes. The support rests at 111.920 with resistance at 112.420 which both lines are below the weekly pivot point at 112.640. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Short positions are recommended towards 111.80. https://fxglory.com/usdjpy-analysis-for-22-11-2017/