T Analysis

USDJPY analysis for 30.07.2020

Retail Sales was published in Japan and the US will release GDP, GDP Price Index, Unemployment Claims and Continuing Claims.

The support rests at 104.780 with resistance at 105.400 which both lines are below the weekly pivot point at 106.450. 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 rising towards level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The support line seems too strong to be broken, USDJPY is growing towards the upper Bollinger band at 105.600.

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Source: fxglory