USD/JPY - Had a Slightly Positive Day - Surpassed 111.80 Key Level - 06/27/2017 (GMT)

The USD/JPY pair created the third bullish day in a row and surpassed the 111.80 strong barrier. The pair rose more than 0.5% and climbed above the 50 and 100 day SMAs. On a daily timeframe, the price is still developing in a descending move which is holding since December 2016 while it added 0.5% to its value so far this month.

On the same chart, the RSI indicator continues moving slightly above the 50 level, although with no clear directional strength. The MACD oscillator entered the positive path and jumped above the trigger line successfully. In addition, the momentum indicators have turned slightly higher, but are unable to confirm an upward breakout, yet. If the price runs above 112.10 will open the door for the downtrend line and the 113.15 resistance handle. On the other side, a slip beneath 111.80 will drive the pair towards the 110.35 – 110.65 support area.