USDJPY- The new profiles are consistent with a range trading beh
The cross is back against the early October high and traced out a negative daily RSI divergence. Ahead of the data support finds at 113.30 below here focus shifts to 113.00 its 20MA and 112.80 its 50MA. A daily close below the last support/50MA could give way to slide upto 112.00 its 100MA.
Flipside resistance seems to be at 113.70, 114.00 and 114.20. A break out above the last resistance would again expect to retest the 114.50 and 114.75 resistance zone.
Turning to the indicators the daily RSI has been propelling down and the oscillator is remaining bearish.
Flipside resistance seems to be at 113.70, 114.00 and 114.20. A break out above the last resistance would again expect to retest the 114.50 and 114.75 resistance zone.
Turning to the indicators the daily RSI has been propelling down and the oscillator is remaining bearish.