USD/JPY chart - Trading View
USD/JPY has slipped below 38.2% Fib, bias is strongly bearish.
The major was trading 0.12% higher on the day at 107.27 at around 09:30 GMT, after closing 0.31% lower in the previous session.
The ADP Non-Farm Payrolls and the ISM Manufacturing Purchasing Managers’ Index released on Wednesday beat expectations, but failed to benefit the US dollar.
Focus now on jobless claims report for the week ended March 21st. Goldman Sachs foresees 5.25 million claims.
Technical indicators are turning bearish. Stochs and RSI are now biased lower. MACD shows bearish crossover on signal line.
Upside was capped at 5-DMA at 107.52. Bearish 5-DMA crossover on 20-DMA adds to the bearish bias.
Immediate support lies at 106.44 (Kijun sen and 50% Fib). Further bearish momentum could see test of 61.8% Fib at 105.20.
Support levels - 107, 106.44 (Kijun sen and 50% Fib), 106, 105.20 (61.8% Fib)
Resistance levels - 107.52 (5-DMA), 108.30 (200-DMA), 108.75 (50-DMA)


FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro- Major Pair levels and bias summary
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
FxWirePro: AUD/USD eases after Australian mixed CPI data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
European Stocks Rally on Chinese Growth and Mining Merger Speculation 



