USD/JPY chart - Trading View
USD/JPY was trading 0.35% lower on the day at 104.98 at around 04:20 GMT, near-term bias turning bullish.
The pair is consolidating the previous session whopping gains, closed 1.95% higher at 105.35 on Monday's trade.
The investor sentiment was buoyed by reports that a coronavirus vaccine developed by Pfizer Inc. and BioNTech SE prevented over 90% of infections.
Despite the Joe Biden victory, USD buoyed on the belief that there will not be a need for huge stimulus if a vaccine is administered throughout the US population.
Near-term trend is turning bullish with MACD showing bullish crossover on the signal line.
The pair finds stiff resistance at 105.50 (nearly converged daily cloud and falling trendline). Break above will buoy prices higher.
Next major hurdle aligns at 110-EMA at 105.86 ahead of 38.2% Fib at 106.43. Bullish invalidation on retrace below 21-EMA.


FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Woodies pivot (Major)
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro USD/CAD steadies around 1.3910,retains bid tone 



