US is under pressure due to poor ISM manufacturing index and Trump uncertainty on setting tariffs on Mexican goods.
The support rests at 107.660 with resistance at 108.160 which both lines are below the weekly pivot point at 108.830. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, 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 towards lower Bollinger band at 107.300.
