USD/JPY chart - Trading View
USD/JPY was trading largely unchanged at 110.26 at around 05:00 GMT, bias bullish.
U.S. dollar buoyed by upbeat data overnight, USD/JPY closed 0.68% higher at 110.25.
Data released overnight showed U.S. ADP private-sector labor market figures jumped by 978,000 in May, far better than expected and Unemployment Claims tumbled below 400,000.
Further, ISM Services Purchasing Managers' Index beat estimates with 64 points, confirming strength in nation's largest sector.
U.S. dollar surged in response to upbeat US figures. Technical studies have turned strongly bullish.
Oscillators are biased higher, RSI is well above the 50 mark. MACD and ADX support gains. Volatility is high and rising.
Major Support Levels:
S1: 109.80 (5-DMA)
S2: 109.38 (21-EMA)
S3: 108.81 (55-EMA)
Major Resistance Levels:
R1: 110.75 (Trendline)
R2: 110.96 (March 31 high)
R3: 111 (Psychological mark)
Summary: USD/JPY was consolidating previous session's gains. Cautious trade prevails ahead of the critical Non-farm payrolls data. Technical bias is bullish. The major is on track to test major trendline resistance at 110.75.


JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro- Woodies pivot (Major)
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend? 



