Japan will release the Tertiary Industry Activity m/m and the US will publish Crude Oil Inventories, Construction Spending m/m, Durable Goods Orders m/m.
The support rests at 111.060 with resistance at 111.440 which the weekly pivot point at 111.370 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USDJPY is getting close to the upper Bollinger band and it seems that the price will be fluctuating within the support and resistance line.
