Trade Balance and Leading Indicators have been released in Japan and the US will publish Unemployment Claims.
The support rests at 109.410 with resistance at 109.770 which both lines are below the weekly pivot point at 109.990. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the correction pattern, USDJPY may be targeting 38.2 level of Fibonacci at 109.300.
