The Japan is releasing The preliminary GDP price index y/y and the preliminary estimate of the GDP while the US is not publishing any economic data.
The support rests at 109.360 with resistance at 109.960 which the weekly pivot point at 109.600 is located in between the lines. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals.
It seems that bulls are taking the control over the chart towards 111 area.

usdjpy analysis