There are no major economic reports in Japan today.
The support rests at 109.090 with resistance at 110.780 which both lines are above the weekly pivot point at 105.900. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. 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 weak buy signal.
The bearish trend is not going to fall below 109; then buyers can return to the market.
