Japan has released the Economy Watchers Sentiment, Final GDP q/q, Final GDP Price Index y/y and the Current Account Bank Lending y/y and the US will publish the Final Wholesale Inventories m/m.
The support rests at 109.340 with resistance at 109.950 which both lines are above the weekly pivot point at 109.180. 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 falling towards the 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.
While indicators are showing downward trend, the support area seems to be too strong to be broken; therefore, USDJPY will rise towards the upper Bollinger band at 110.27.