Japan has released the Prelim GDP q/q, Prelim GDP Price Index y/y, and the US will release some Economic Data such as Crude Oil Inventories, Business Inventories m/m, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, CPI m/m.
The support rests at 106.760 with resistance at 107.620 which both lines are below the weekly pivot point at 109.020. 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.
Short positions are recommended towards 106.5.

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