Chart - Courtesy Trading View
USD/JPY was trading 0.39% higher on the day at 136.14 at around 06:30 GMT.
The pair has bounced off 20-DMA support and is extending gains for the second straight session.
Price action has broken above 5-DMA and the pair trades above 200H MA. Chikou span is biased higher.
FOMC Minutes on Wednesday and the release of June’s Nonfarm Payrolls on Friday will be crucial for further direction.
With no major data scheduled for release during the day, market sentiment will drive price action.
Encouraging US-China trade news boosts risk sentiment and weighs negatively on the safe-haven US dollar.
Major Support Levels:
S1: 135.85 (5-DMA)
S2: 134.50 (21-EMA)
Major Resistance Levels:
R1: 137 (Previous week high)
R2: 137.19 (Upper BB)
Summary: USD/JPY extends bounce off 20-DMA support. Scope for gains above 137 handle.


FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 



