Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Near-term moving averages have turned bearish on the daily charts
- Near and long term moving averages are strongly bearish
Ichimoku Analysis
- Price action is consolidating above the daily cloud
- Chikou span is biased lower and may drag the pair lower
Oscillators
- Stochs and RSI are sharply lower, RSI is below the 50 mark
- Momentum is strongly bearish on the daily charts
Bollinger Bands
- Bollinger bands are wide suggesting high volatility
Major Support Levels: 113.06 (55-EMA), 112.93 (Cloud top)
Major Resistance Levels: 114.13 (5-DMA), 114.44 (200H MA)
Summary: USD/JPY trades with a strong bearish bias. Price action is currently consolidating above daily cloud. Break below cloud will drag the pair lower.


EUR/JPY Holds Bullish Bias as Euro Extends Recovery
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: NZD/USD edges lower, remains on back foot
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 



