USD/JPY chart - Trading View
USD/JPY was trading 0.27% higher on the day at 107.59 at around 10:30 GMT.
The pair has broken consolidation along 21-EMA support and is set to extend gains.
Price action has broken above daily cloud and momentum studies have turned bullish.
Stochs and RSI have turned bullish and 'Bullish divergence' on Stochastics on the daily charts adds to the bullish bias.
The pair has broken above 23.6% Fib retracement and we see little resistance till 110-EMA at 108.10.
Major trend as evidenced by the GMMA indicator is still bearish. However, breakout at 200-DMA could see shift in major trend.
FOMC minutes due Wednesday will be in focus for further impetus. On the data front later in the day, U.S. housing starts could impact price movement.
Support levels - 107.20 (21-EMA), 106.70 (Cloud base), 106.13 (Lower BB)
Resistance levels - 107.68 (55-EMA), 108.10 (110-EMA), 108.25 (200-DMA)


FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major)
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: USD/JPY on nervous hold around 160.00 



