European stock indexes grew which put JPY under pressure.
The support rests at 106.710 with resistance at 106.970 which both lines are below the weekly pivot point at 107.060. 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 below level 50, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While the bearish pressure remains, sellers can target 106.
