Japan released the Monetary Policy Statement and the US will publish Prelim UoM Inflation Expectations, JOLTS Job Openings, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate and Empire State Manufacturing Index.
The support rests at 111.550 with resistance at 111.850 which both lines are above the weekly pivot point at 111.370. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY may continue its bullish trend towards 112.