USD/JPY chart - Trading View
USD/JPY was trading 0.15% lower on the day at 104.67 at around 10:20 GMT, outlook is bearish.
The pair is extending choppy trade along major trendline support and break below will see downside resumption.
US political uncertainty kept the USD bulls on the defensive, the pair could extend the drop to the 104.00 level in the coming weeks.
Lack of progress in the US stimulus talks dampened the market mood and further benefitted the Japanese yen's safe-haven status.
Technical studies also support weakness in the pair. GMMA indicator show major and minor trend are bearish.
Price action is below cloud. ADX and MACD support downside. Break below trendline support will see drag lower. Dip till 104 likely.
Support levels - 104.45 (trendline), 104 (Double bottom)
Resistance levels - 105.20 (21-EMA), 105.60 (55-EMA)


FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Crypto levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Crypto levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD rises as soft US data pressures dollar 



