Japan has published Foreign Bond Investment and Stock Investment by Foreigners data and the US will release Balance of Trade and Unit Labour Costs QoQ Final.
The support rests at 107.920 with resistance at 108.460 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 falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The pair is trying to find some consolidation within the Bollinger bands however the support level break through will push the price down towards 107.500.