USD/JPY chart - Trading View
Technical Analysis: Bias Strongly Bearish
- USD/JPY extends weakness after rejection at daily cloud, slumps below 104 handle
- MACD shows bearish crossover on signal line, 5-DMA confirms bearish crossover on 20-DMA
- Momentum strongly bearish. Stochs and RSI are biased lower, RSI well below 50 mark
- Volatility is high and rising as evidenced by widening Bollinger bands
- Analysis of GMMA indicator shows major and minor trend are strongly bearish
Support levels - 103.47 (Lower BB), 103.17 (Nov 6th low), 103
Resistance levels - 104.46 (5-DMA), 104.64 (200H MA), 105.11 (55 EMA)
Summary: USD/JPY has dived below the 104 handle. Technical indicators show scope for further weakness. Price action has slipped below the 200-month MA at 103.92, close below for the week will open downside for the pair. Scope for test of 101.65 (Major trendline support).


FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro : GBP/NZD strongly bearish despite upside attempts 



