Thursday, January 4, 2018

USDJPY analysis for 04.01.2018

Japan has published Nikkei Manufacturing PMI Final and the US will release ADP Non-Farm Employment Change, Unemployment Claims and Crude Oil Inventories. The support rests at 112.400 with resistance at 112.760 which both lines are below the weekly pivot point at 112.85. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The indicators are not showing any strong signals therefore the pair will be consolidating within the Bollinger bands.

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