Chart - Courtesy Trading View
USD/JPY was trading 0.45% higher on the day at 137.62 at around 09:40 GMT.
The pair is extending bounce off 200-DMA support, gains for the third consecutive session.
Momentum is turning bullish. Stochs and RSI show bullish rollover from oversold levels.
MACD is on verge of bullish crossover on signal line, Chikou span is biased higher.
Upbeat US jobs report (NFP) last week along with better-than-expected US ISM Services PMI released on Monday suggested that the economy remained resilient.
Strong data which fuels speculations that the Fed may lift interest rates more than recently projected and continues to lend support to the greenback.
USD/JPY has paused downside at 200-DMA support, price has edged above 5-DMA, hovers above 200H MA.
Major Support Levels:
S1: 136.17 (5-DMA)
S2: 134.82 (200-DMA)
Major Resistance Levels:
R1: 138.80 (20-DMA)
R2: 139.68 (110-EMA)
Summary: USD/JPY has paused downside at 200-DMA support, weakness only on break below. On the flip side, retrace above 110-EMA will propel the pair higher.


Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



