USD/JPY chart - Trading View
USD/JPY was extending sideways grind for the 4th straight session. The major was trading 0.01% higher (largely unchanged) at 105.46 at around 01:30 GMT. 20-DMA is proving tough resistance to break as the pair shows multiple failed attempts to break above.
On the data side, Japan published its July Leading Economic Index, which came as expected at 86.9. The Coincident Index for July printed 76.2, also matching the market’s forecast. Japan Tokyo yearly CPI stood at 0.2%, missing the consensus at 0.4%. The core reading, excluding fresh food prices, bettered estimates (at -0.3% YoY) to print at -0.2% YoY.
Focus for the day shall be on U.S. Conference Board’s index of consumer sentiment for the month of September and U.S. home prices data for the month of July for further impetus.
Technical analysis for the pair shows major trend is bearish. Price action is below cloud and major moving averages. 20-DMA is stiff resistance at 105.57. Decisive break above 55-EMA could change near-term bias. Resumption of weakness looks more likely. Scope for test of trendline support at 104.15.
Major Support Levels:
S1: 105.44 (5-DMA)
S2: 105.01 (200H MA)
S3: 104.85 (Kijun Sen)
Major Resistance Levels:
R1: 105.57 (20-DMA)
R2: 105.96 (55-EMA)
R3: 106.53 (110-EMA)
Summary: Technical analysis does not provide a conclusive direction for now. Resumption of weakness looks more likely. Scope for test of trendline support at 104.15. Bearish invalidation above 55-EMA.


NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 



