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  |   Technicals


FxWirePro: USD/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- USD/JPY was trading 0.36% higher on the day at 143.79 at around 09:20 GMT

- The pair has slipped lower from session highs at 144.26, mixed comments from BoJ's Kuroda weigh

- The pair is hovering around 200H MA, GMMA indicator shows major trend remains bullish

- Chikou span is biased higher, ADX supports gains, bearish RSI divergence may cause some weakness

- Pullback has bounced off 21-EMA support, weakness only on break below

Major Support Levels: 143.44 (5-DMA), 141.94 (21-EMA)

Major Resistance Levels: 144, 145.85 (Upper BB)

Summary: USD/JPY trades with a slight bullish bias. Scope for some pullback below 5-DMA. Major weakness only below 21-EMA.  

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