National CPI, National CPI ex Fresh Food and Tokyo CPI ex Fresh Food & Energy were released in Japan and the US will publish PCE Core, Personal Spending and Goods Trade Balance.
The support rests at 106.020 with resistance at 106.620 which both lines are above the weekly pivot point at 105.860. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Considering the correction pattern, sellers can target level 61.8 of Fibonacci at 105.800.