There are no major economic reports being published today in Japan or the US.
The support rests at 112.470 with resistance at 112.710 which both lines are above the weekly pivot point at 112.360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in middle ranges, showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Long positions are recommended towards 113.
