Tertiary Industry Index and Industrial Production were released in Japan. JPY is getting empowered gradually.
The support rests at 103.600 with resistance at 104.070 which both lines are below the weekly pivot point at 104.150. 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 Stochastic is moving in low ranges, the RSI is moving in oversold area. The MACD is moving in negative territory and the ADX is showing sell signal.
Short positions are recommended towards 103.500.
