30-Year JGB Auction was released in Japan and the US will publish Building Permits and Housing Starts.
The support rests at 105.270 with resistance at 105.610 which both lines are below the weekly pivot point at 106.440. 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 moving in 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 bearish pressure may drag the price down within Andrew’s Pitchfork targeting 104.900.