Japan has released Industrial Production and Capacity Utilization.
The support rests at 109.540 with resistance at 110.320 which the weekly pivot point at 109.670 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below the 50 level, 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 the lower Bollinger band at 109.6.

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