and upcoming U.S. inflation data.
•On the data front, Real wages in the world's fourth-largest economy fell 0.6% in August from the same month a year earlier, according to date released by the Ministry of Health, Labour and Welfare on Tuesday
• At GMT 05:14, the pair was trading down 0.12% at 148.00, recovering from the day's low of 147.65.
• Technical signals are strongly bullish as RSI is at 62, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 149.17(23.6%fib), any close above will push the pair towards 149.70 (Higher BB).
• Support is seen at 147.63 (38.2%fib) and break below could take the pair towards 146.30 (50%fib)
Recommendation: Good to buy around 147.80, with stop loss of 147.50 and target price of 149.00
