Japan released the Tertiary Industry Activity m/m, Prelim GDP q/q, and Prelim GDP Price Index y/y and The US will publish Crude Oil Inventories, Natural Gas Storage, Unemployment Claims, PPI m/m and Core PPI m/m.
The support rests at 108.440 with resistance at 108.840 which both lines are below the weekly pivot point at 108.970. The EMA of 10 is moving with bearish bias in the descendant channel and it is above 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.
The price decline may continue towards 61.8 level of Fibonacci at 108.470.
