Chart - Courtesy Trading View
Technical Analysis:
- USD/JPY was trading 0.64% higher on the day at 133.81 at around 12:10 GMT
- The major has bounced off cloud base support with a 'Dragonfly Doji' at lows
- Price action is attempting to retrace dip below 200H MA
- GMMA indicator shows minor trend has turned bullish on the intraday charts
- Series of resistance seen till 20-DMA at 135.07, weakness only below daily cloud
Support levels:
S1: 132
S2: 131.68 (Cloud base)
Resistance levels:
R1: 133.87 (5-DMA)
R2: 134.58 (21-EMA)
Summary: USD/JPY forms 'Dragonfly Doji' at cloud base support raising scope for upside. 5-DMA is immediate resistance at 133.87, break above will see test of 135 levels.


FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: USD/CAD bulls continue to hold the higher ground
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 



