Japan is not releasing any economic data but the US will publish Housing Starts and Building Permits.
The support rests at 107.900 with resistance at 108.830 which the weekly pivot point at 108.510 is located in between the lines. 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 RSI is falling towards oversold area, the Stochastic is showing downward momentum 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 107.5.
