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USDJPY April 8, 2019 Weekly Analysis

Exclusive Capital Ltd.

The USD/JPY remains in an uptrend mood with the closest target at the 112.05 (200 Week-Ma). If the price breaks the 112.00 level, the next target will likely be at the 112.43. In contrast, support is found at the 110.68 and 110.30 respectively. A break below the 110.30 could possibly force the pair as low as 109.70 level. The RSI(Day) closed at overbought territory. CCI(Day) remains at overbought territory.

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Source: https://www.exclusivecapital.com/usdjpy-april-8-2019-weekly-analysis/
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