USD/JPY chart - Trading View
USD/JPY trades directionless around 20-DMA, outlook remains bearish.
Key focus this week will be the Fed Chair Jerome Powell's speech during the Jackson Hole symposium (scheduled to open on Thursday).
Powell is expected to discuss monetary policy and traders will watch for cues on inflation and policy guidance which will influence near-term USD price dynamics.
Recovery has failed at 21-EMA and the pair has formed a 'Spinning Top' on Friday's trade.
Price action is within 'Slopping Channel' pattern and technical indicators support weakness.
Momentum studies are bearish. RSI well below 50 and biased lower. Scope for dip till 104.18 (July 31st low). Decisive break above 21-EMA will change near-term bias.
Major Support - 104.72 (Lower BB)
Major Resistance - 106.09 (21-EMA)


FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major European Indices
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



