Chart - Courtesy Trading View
USD/JPY was trading 0.38% higher on the day at 133.91 at around 05:20 GMT.
The major is extending gains for the 4th consecutive session, outlook remains bullish.
Upbeat cues from the release of the Automatic Data Processing (ADP) Employment Change on Thursday raise expectations for stronger NFP data.
ADP reported a healthy improvement in the number of employment additions for December month to 235K vs. the expectations of 150K and the former release of 127K.
Analysts at Goldman Sachs expect US Nonfarm Payrolls data at 225K+. The Unemployment Rate is seen unchanged at 3.7%.
Bank of Japan (BoJ) conducted another unscheduled/ emergency Japanese government bond (JGB) buying operation earlier on Friday.
Technical Analysis:
- Price action is testing 21-EMA resistance
- 5-DMA has turned North, the pair is trading above 200H MA
- GMMA has turned bullish on the intraday charts
- Momentum is turning bullish, Stochs have rolled over from oversold levels
Major Support Levels: 132.37 (200H MA), 132.30 (5-DMA)
Major Resistance Levels: 133.98 (21-EMA), 136.45 (200-DMA)
Summary: USD/JPY pivotal at 21-EMA resistance. Watch out for decisive break above for upside continuation.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



