USDJPY analysis for 14.10.2020
Industrial Production was released in Japan and the US will publish PPI Core and PPI data.
The support rests at 105.300 with resistance at 105.560 which both lines are below the weekly pivot point at 105.670. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY is on downward trend which is targeting 104.950.