analysis

USDJPY analysis for 05.11.2018

Japan has released the BOJ Monetary Policy Meeting Minutes and the US will publish Loan Officer Survey, ISM Non-Manufacturing PMI and Final Services PMI.
The support rests at 113.060 with resistance at 113.490 which both lines are above the weekly pivot point at 112.790. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above 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 showing buy signal.
USDJPY is probably growing up towards 61.8 level of Fibonacci at 113.5.

usdjpy
Source: fxglory