Japan has released BoJ Interest Rate Decision and BoJ Quarterly Outlook Report but the US is not publishing any major economic reports.
The support rests at 110.320 with resistance at 111.500 which the weekly pivot point at 110.820 is located in between the lines. 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 rising above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
The indicators are not showing any strong trend direction therefore the support level breakthrough will smooth the way for further decline targeting 107 area, otherwise it will start its correction pattern towards 112.5.

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