Japan released All Industries Activity m/m and Flash Manufacturing PMI and the US will publish Natural Gas Storage, CB Leading Index m/m, Flash Services PMI, Flash Manufacturing PMI and Unemployment Claims.
The support rests at 106.180 with resistance at 106.670 which both lines are above the weekly pivot point at 106.120. The EMA of 10 is moving horizontally in the ascendant channel and it is below 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 below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will confirm the correction pattern towards 50 level of Fibonacci at 107.300; otherwise, USDJPY will be fluctuating within the support and resistance lines.