JPY found enough power to break the bearish trend. There are no major economic reports in Japan and the US.
The support rests at 104.680 with resistance at 105.040 which the weekly pivot point at 105.260 is located above the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving above level 50. The MACD is moving in negative territory and the ADX is showing buy signal.
The resistance level breakout will confirm the bullish trend towards 106.
