Japan released the Consumer Confidence and the US will publish Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Prelim Wholesale Inventories m/m, Prelim GDP Price Index q/q, Goods Trade Balance and Prelim GDP q/q.
The support rests at 105.640 with resistance at 106.210 which the weekly pivot point at 105.800 is located in between lines. The EMA of 10 is moving horizontally in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The resistance level breakout will confirm the bullish trend towards 106.500; otherwise, USDJPY will be fluctuating within the support and resistance lines.