Japan will release the Unemployment Rate and the US will publish Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Personal Income m/m, Personal Spending m/m and Core PCE Price Index m/m.
The support rests at 113.060 with resistance at 113.580 which both lines are above the weekly pivot point at 112.810. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY may continue its bearish trend along Andrews’ Pitchfork towards 113.
