There are no major economic reports in Japan but soon there will be ECB Draghi Speech.
The support rests at 128.350 with resistance at 128.870 which both lines are below the weekly pivot point at 129.250. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on 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 not showing any clear signals. The price is in the Ichimoku Cloud and above Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakout will push the pair up towards 129, otherwise, it may fall towards 128.
