Chart - Courtesy Trading View
USD/JPY was trading 0.23% lower on the day at 137.18 at around 05:30 GMT, focus on the Jackson Hole symposium for impetus.
The pair opens the week on a bullish note, is extending gains for the 6th straight session, technical bias is bullish.
Federal Reserve (Fed) policymakers have shown mixed commentary as price pressures have trimmed suggesting a possible slowdown in the pace of hiking interest rates.
Uncertainty over the commentary from the Fed at the Jackson Hole symposium will keep prices volatile.
Investors also await the release of the US Durable Goods Orders data, which is expected to decline to 0.6% from the prior release of 2%.
Major Support Levels:
S1: 136.30 (Cloud top)
S2: 135.83 (5-DMA)
Major Resistance Levels:
R1: 137.55 (Upper BB)
R2: 139.38 (July 2022 high)
Summary: USD/JPY trades with a bullish bias. Pullback has bounced off cloud base support. Breakout above cloud has opened upside. Scope for pair to refresh yearly high above 139.38.


Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro :USD/JPY eases slightly, remains on bullish path
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand 



