The UK will release Balance of Trade and Manufacturing Production but there won’t be any economic data for Japan.
The support rests at 148.710 with resistance at 149.580 which both lines are above the weekly pivot point at 148.530. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, 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. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 149.7.

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