There are no economic reports in Japan today but the US will publish the Mortgage Delinquencies.
The support rests at 109.620 with resistance at 110.280 which the weekly pivot point at 109.780 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
Long positions are recommended towards 110.5.
