- USD/JPY consolidates previous session's gains. Greenback continues to be bolstered by rising US Treasury yields.
- Further, risk-on after several weeks of tensions over the Middle East and the US-China trade spat also keep the pair supported.
- The pair has broken above 38.2% Fib and finds next immediate resistance at 100-DMA at 108.98.
- Break above 100-DMA can accentuate upside, scope then for test of 200-DMA at 110.27.
- Technical indicators on weekly charts are also turning bullish. Price has broken above 21W EMA.
- Stochs have rolled over from oversold levels and MACD is on verge of a bullish crossover on signal line.
- On the flipside, we see weakness only on close below 5-DMA at 107.94. Bearish invalidation likely on break below 55-EMA.
Support levels - 108.49 (38.2% Fib), 107.94 (5-DMA), 107.47 (55-EMA)
Resistance levels - 109.31 (cloud base), 109.68 (50% Fib), 110, 110.27 (200-DMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-USD-JPY-breaks-above-55-EMA-yen-slips-on-lackluster-Japan-inflation-data-1265369) has hit all targets.
Recommendation: Watch out for break above 100-DMA to go long. Target 109.30/ 109.70/ 110/ 110.25.
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 75.2097 (Neutral), while Hourly JPY Spot Index was at -26.1326 (Neutral) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/NZD downtrend extends, remains on bearish path 



