USD/JPY chart - Trading View
USD/JPY has opened the week's trade on a bearish note as risk-off amid fresh US-China trade woes weighs.
The major was trading 0.14% lower on the day at 106.73 at around 05:15 GMT after closing 0.23% lower on Friday's trade.
US diplomats allege China for the mishandling of the Coronavirus pandemic. Chinese dailies tried to turn down the allegations on Friday.
Any deterioration of the US-China trade relations could keep the risks heavy and add to downside in the pair.
Technical studies support downside.Major and minor trend as indicated by GMMA are bearish.
RSI is well below 50 and biased lower. 'Death cross' on the daily charts could plummet prices.
21-EMA caps upside and price action is extending downside below 200-DMA. Break below cloud will see further downside.
Major Support Levels: 106.44 (50% Fib), 106, 105.20 (61.8% Fib)
Major Resistance Levels: 106.84 (5-DMA), 107.48 (21-EMA), 108.26 (200-DMA)


S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Stock Futures Dip as Investors Await Key Payrolls Data
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
Urban studies: Doing research when every city is different
Aussie-Yen Trapped Below 113: Sell the Bounce as Bears Reload for a Run at 110
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
Fed-ECB Policy Chasm Sends EURUSD Tumbling to 1.1375; Bearish Momentum Builds Toward 1.1300
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80 



