USDJPY is moving with bearish bias while there are no major economic reports today.
The support rests at 105.360 with resistance at 106.020 which both lines are below the weekly pivot point at 106.280. 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 indicator is in negative territory. The ADX is showing weak sell signals.
Short positions are recommended towards 105.20.

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