USD/JPY chart - Trading View
USD/JPY was trading 0.07% lower on the day at 06:25 GMT, after closing 0.55% lower in the previous session.
The major was consolidating break below 200-DMA, extending bearish run for the 4th straight session.
GMMA indicator shows major trend in the pair is neutral, while minor trend is turning bearish.
Stochs and RSI also support weakness. Price action has fallen below 200H MA. Further downside likely.
Market sentiment will likely continue to be the key driver. Retail sales and industrial production reports due Wednesday will be watched for further impetus.
Support levels - 106.92 (Apr 1st low), 106.44 (50% Fib)
Resistance levels - 1008.22 (5-DMA), 108.32 (200 DMA)


AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
China's Refining Industry Faces Major Shakeup Amid Challenges
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 



