USD/JPY chart - Trading View
USD/JPY trades rangebound with session highs at 105.94 and lows at 105.72.
Recovery in the pair lacks traction, upside capped at stiff resistance at 21-EMA at 106.09.
Fresh weakness in the US dollar amid holiday-thinned trading keeps the range play intact, as the uncertainty over the US fiscal aid looms.
Price action grinds lower in 'Sloping Channel' pattern. Downside intact as long as 21-EMA resistance holds.
With no major economic data scheduled for release, price action remains at the mercy of market sentiment.
A bullish MACD line crossover on signal line raises scope for some upside. Break above 21-EMA could change near-term dynamics.
Major Support Levels:
S1: 105.70 (5-DMA)
S2: 104.51 (Lower BB)
S3: 103.60 (Trendline)
Major Resistance Levels:
R1: 106.09 (21-EMA)
R2: 106.74 (55-EMA)
R3: 107.27 (110-EMA)
Summary: Major trend is bearish. Resumption of downside likely. Scope for test of 104.55. Bearish invalidation only above 21-EMA.


FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/JPY holding bid into weekend
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro- Major European Indices
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 



