Year JGB Auction and Monetary Base reports were released in Japan and the US will publish Unemployment Rate, Non-Farm Payrolls and Continuing Claims.
The support rests at 107.310 with resistance at 107.610 which both lines are above the weekly pivot point at 106.910. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Considering the bearish pressure, USDJPY will be falling down within Andrew’s Pitchfork targeting the lower Bollinger band at 107.080.
