USD/JPY chart - Trading View
USD/JPY was trading 0.16% lower on the day at 105.25 at around 04:15 GMT.
The pair has failed to extend previous session's gains, upside remains capped below 21-EMA resistance.
An unexpected rise in the U.S. weekly jobless claims on Thursday revived fears of a slowdown in the world's largest economy.
However, a deadlock over the fiscal stimulus talks and the coronavirus resurgence across Europe weighed over the investor sentiment and put a bid under the greenback.
Technical studies support neutral to bearish bias. Momentum studies are bearish. Bearish 5-DMA crossover on 20-DMA adds to the downside bias.
Dip till trendline support at 104.35 likely. Breach there could see test of 104 levels. Break above 21-EMA resistance at 105.49 could see minor upside.
Support levels - 105, 104.35 (trendline), 104
Resistance levels - 105.49 (21-EMA), 105.79 (55-EMA), 106