PMI Manufacturing, Tertiary Industry Index, All Industry Activity Index were released in Japan and BOJ Governor Haruhiko Kuroda Speaks. In the US Federal Reserve Chairman Jerome Powell speaks as well.
The support rests at 104.630 with resistance at 105.530 which the weekly pivot point at 105 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While considering pullbacks on the way, if the weekly pivot point is broken, further growth can be expected towards level 61.8 of Fibonacci.
