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USD/JPY chart - Trading View
Technical Analysis: Bias Neutral
Support: 108.42 (200-DMA); Resistance: 109.07 (55-EMA)
USD/JPY has halted downside at 200-DMA, is extending gains for the 2nd straight session.
The pair was trading 0.34% higher on the day at 109.04 at around 08:00 GMT, after closing 0.27% higher in the previous session.
Technical indicators are turning slightly bullish, RSI is biased higher and Stochs are on verge of rollover from oversold levels.
Price action has broken into daily cloud and is testing 200H MA at 109, intraday bias is bullish.
'Golden Cross' (bullish 50-DMA crossover on 200-DMA) raises scope for further upside.
The pair is on track to test 50-DMA at 109.20. Break above eyes 20-DMA at 109.44.
