Thursday, January 25, 2018

USDJPY analysis for 25.01.2018

Japan is not releasing any economic reports but the US will publish Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. The support rests at 108.690 with resistance at 109.350 which both lines are below the weekly pivot point at 110.820. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. Short positions are recommended towards 107.

No comments:

Post a Comment