USD/JPY chart - Trading View
USD/JPY was trading 0.19% lower on the day at 106.337 at around 04:15 GMT.
The major has broken below 50% Fib at 106.44 and has hit fresh 7-week lows at 106.20.
Price action is extending weakness below daily cloud and technical indicators support further weakness.
RSI is well below 50 and biased lower, Stochs are strongly bearish. GMMA shows both major and minor trend are bearish.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) on the daily charts to plummet prices further.
Scope for dip till 61.8% Fib at 105.20. Bearish invalidation only above 200-DMA.
Major Support Levels: 106, 105.59 (Lower BB), 105.20 (61.8% Fib)
Major Resistance Levels: 106.72 (5-DMA), 107, 107.30 (21-EMA)


Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Wall Street Analysts Weigh in on Latest NFP Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Geopolitical Shocks That Could Reshape Financial Markets in 2025
2025 Market Outlook: Key January Events to Watch
China's Refining Industry Faces Major Shakeup Amid Challenges
Urban studies: Doing research when every city is different
European Stocks Rally on Chinese Growth and Mining Merger Speculation 



