Tertiary Industry Index and PMI Composite were released in Japan and the US will publish Trade Balance and ISM Non-Manf.
The support rests at 105.250 with resistance at 105.900 which the weekly pivot point at 105.410 is located in between the lines. 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 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 showing sell signal.
The support level breakthrough will confirm the correction pattern towards 61.8 level of Fibonacci at 105.050; otherwise USDJPY will be fluctuating within the support and resistance lines.
