National CPI, National CPI ex Fresh Food and PMI Manufacturing data have been published in Japan and the US will release ISM Manufacturing and Composite PMI.
The support rests at 111.320 with resistance at 112.200 which both lines are above the weekly pivot point at 109.820. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. 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 not showing any clear signals.
Considering the correction pattern USDJPY is targeting 61.8 level of Fibonacci little by little but for today sellers can target 111.200.
