USD/JPY chart - Trading View
USD/JPY consolidates previous session's slump, bias bearish.
Escalating Sino-U.S. trade war and increased odds of a Fed rate cut weigh.
The major has broken major trendline support at 108.75 and hit 5-month lows at 108.07.
Momentum studies are bearish, Stochs and RSI are sharply lower and volatility is rising.
Break below 108 handle will see further weakness. Next major support lies at 107.61 (61.8% Fib).
Price action below cloud and major moving averages. Bearish invalidation only above 200-DMA.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-USD-JPY-rejected-at-cloud-and-21-EMA-dip-till-10880-likely-1540994) has hit all targets.
Recommendation: Book partial profits, trail SL to 108.75, target 107.60.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
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
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Woodies Pivot(Major) 



