USD/JPY chart - Trading View
USD/JPY consolidates its recovery above the 107 handle, trades 0.28% higher at 107.16 at around 06:45 GMT.
The pair is extending weakness after rejection at 200W SMA. 'Bearish Engulfing' on the weekly charts adds to the bearish bias.
Japanese parliament has approved the record JPY31.9 trillion second stimulus package to fight the economic blow from the coronavirus pandemic.
Price action has broken below 'Symmetric Triangle'. MACD bearish crossover on signal line adds to the bearish bias.
The pair is trading below 200-DMA and break below daily cloud will accentuate weakness.
Major Support: 106.44 (Cloud base)
Major Resistance: 108.40 (200-DMA)


Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro -Major European Indices
FxWirePro: GBP/USD biased higher but rally currently stretched
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro- Major European Indices
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD bulls remain cautiously optimistic 



