USD/JPY chart - Trading View
USD/JPY was trading 0.21% lower on the day at 107.50 at around 11:50 GMT, after closing largely unchanged in the previous session.
The pair is extending sideways below 200-DMA, bias remains slightly bearish. Volatility is shrinking.
A potential 'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps downside pressure.
Major and minor trend for the pair are turning bearish as evidenced by GMMA indicator. RSI is below 50 and momentum is bearish.
The pair is hovering around 5-DMA and is extending consolidation below 200-DMA. Scope for downside resumption.
Focus on the US Jobless Claim data for direction. Coronavirus updates will be crucial to follow to gauge market risk appetite.
Break above 200-DMA will fuel upside in the pair. On the flipside, break below cloud will drag the pair lower.
Support levels - 106.85 (Lower BB), 106.44 (50% Fib)
Resistance levels - 107.98 (21-EMA), 108.30 (200-DMA)


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/JPY dips below lower range, bearish bias increases
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro- Woodies Pivot(Major)
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
European Stocks Rally on Chinese Growth and Mining Merger Speculation
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major US Indices
Energy Sector Outlook 2025: AI's Role and Market Dynamics 



