Chart - Courtesy Trading View
Daily Technical Bias - Neutral
- USD/JPY extends rangebound trade above daily Ichimoku cloud and 50-DMA supports
- The pair is holding support at 200H MA, break below could see more downside
- Price action is capped between 21 and 55 EMA raising scope for sideways grind
- Stochs confirm bullish rollover from oversold levels, RSI remains flat around 50 mark
- volatility is high as evidenced by widely distributed Bollinger bands
Major Support Levels:
S1: 113.30 (Cloud top)
S2: 113.11 (55-EMA)
S3: 113
Major Resistance Levels:
R1: 113.66 (21-EMA)
R2: 113.93 (20-DMA)
R3: 114
Summary: USD/JPY trades with a neutral bias. Daily cloud is offering strong support, break below will see more weakness.


Major Pair Action Bias: Bullish Pairs to Watch Out For
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
GBPJPY Slips After Sterling Weakness, Bears Eye 216
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 



