Japan is not releasing any economic data but the US will publish Natural Gas Storage, Crude Oil Inventories, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, Trade Balance, ADP Non-Farm Employment Change and Challenger Job Cuts y/y.
The support rests at 107.440 with resistance at 107.800 which the weekly pivot point at 107.620 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may continue its bearish trend within Andrew’s pitchfork targeting 107.10.
