Japan released the Housing Starts y/y, Consumer Confidence, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate and Tokyo Core CPI y/y. The US will publish Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m and Core PCE Price Index m/m.
The support rests at 108.460 with resistance at 109.280 which both lines are below the weekly pivot point at 109.750. 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 moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Bearish trend may continue towards 108.300.