Refer USD/JPY chart on Trading View
- USD/JPY holds above 21-EMA, intraday bias bullish.
- Price action is holding above 111 handle, breakout above daily cloud could see further upside.
- Momentum studies are bullish, RSI is above 50 levels and bias higher.
- Price is consolidating above 61.8% Fib and break above daily cloud will see test of 78.6% Fib at 112.57.
- US President Trump's deal with Mexico has put a bid under the risk assets on Monday.
- Focus now on US trade balance and consumer confidence number, scheduled for release today, which could influence the greenback.
Support levels - 110.99 (21-EMA), 110.87 (61.8% Fib), 110.64 (cloud base)
Resistance levels - 111.35 (4H 200-SMA), 111.61 (cloud top), 112, 112.57 (78.6% Fib)
Recommendation: Good to go long on breakout above daily cloud, target 112/ 112.55
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at -73.0196 (Neutral), while Hourly JPY Spot Index was at -63.0639 (Neutral) at 0445 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD downside pressure builds, key support level in focus
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand 



