USD/JPY chart - Trading View
USD/JPY was trading unchanged at 107.216 at around 04:45 GMT, slipping lower from session highs at 107.43.
The pair has bounced off 200H MA and cloud support, talks of additional U.S. stimulus could further bullish momentum.
The greenback attempted a tepid recovery in today's trade on reports that the White House would likely support a new round of stimulus checks.
Markets ignored downbeat US Jobless Claims, (2,981K versus 2,500K forecast), however, weaker market sentiment benefited the safe-haven JPY and capped upside in the pair.
The global risk sentiment was weighed down by fears about the second wave of coronavirus infections and escalating U.S.-China trade tensions.
Major trend in the pair is bearish, but minor trend on the intraday charts is turning slightly bullish.
The pair has held support at daily cloud base and has bounced off 200H MA support. Stochs are biased higher and 'Bullish Divergence' raises scope for upside.
U.S. data due later in the NY session along with trade/virus updates as well as political headlines will be in focus for immediate direction.
Major Support Levels:
- S1: 107.23 (cloud base)
- S2: 106.82 (200H MA)
- S3: 106.10 (Lower BB)
Major Resistance Levels:
- R1: 107.71 (55-EMA)
- R2: 108.17 (38.2% Fib)
- R3: 108.23 (200 DMA)
Guidance: Cloud offers strong support, watch for breakout above daily cloud for further gains.


FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro:EUR/NZD gains some upside momentum but still bearish
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish 



