USDJPY analysis for 01.02.2019
Japan released the Final Manufacturing PMI and the US will publish Revised UoM Inflation Expectations, ISM Manufacturing Prices, Revised UoM Consumer Sentiment, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Rate, Non-Farm Employment Change and Average Hourly Earnings m/m.
The support rests at 108.710 with resistance at 109.120 which both lines are below the weekly pivot point at 109.560. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY will be fluctuating within the lower and upper Bollinger bands.