USD/JPY chart - Trading View
USD/JPY trades 0.21% lower on the day at 108.23 at 03:55 GMT, bias bearish.
Disappointing ADP employment data which ramped up the expectations of a Fed rate cut weighs.
Technical indicators are biased lower. Recovery capped at 108.46 (nearly converged 1H 110-EMA and 2H 55-EMA.
Momentum with the bears. Stochs and RSI are sharply lower. 5-DMA is biased lower.
Major trend remains bearish and next major support lies at 61.8% Fib at 107.61. Breach there eyes 78.6% Fib at 106.31.
Focus on Trade Balance and Jobless Claims data for further impetus.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/CNY gains some ground but bearish outlook persists 



