Domestic Corporate Goods Price Index was published in Japan and the US will release PPI data.
The support rests at 106.780 with resistance at 107.210 which both lines are below the weekly pivot point at 107.570. 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.
The price has already reached the lower Bollinger band and level 61.8 of Fibonacci so there will be a lot of resistance to break the support line. Bulls are waiting for a chance to take the control of the chart so buyers can target 107.700.
