Japan has released the Flash Manufacturing PMI data and the US will publish Flash Services PMI and Flash Manufacturing PMI.
The support rests at 111.180 with resistance at 111.660 which both lines are below the weekly pivot point at 112.640. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals.
The price is moving in lower Bollinger bands therefore USDJPY may grow towards 112.
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