Bank of Japan Press Conference is being held in Japan and the US will publish Capacity Utilization, Industrial Production and Crude Oil Inventories.
The support rests at 106.950 with resistance at 107.460 which the weekly pivot point at 107.120 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The price may grow towards the resistance line but it is not going to break it. The support level breakthrough will confirm further decline towards the lower Bollinger band at 106.700.