0.7870 Break Looms – Next Stop 0.7800 for USDCHF? 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback 
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
FxWirePro- Major Crypto levels and bias summary 
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660? 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
FxWirePro: USD/JPY extends fall as yen rises on intervention fears 
USD/JPY chart - Trading View
USD/JPY was trading 0.61% higher on the day at 108.25 at 04:40 GMT, edges lower from session highs at 108.38.
The pair erased partial gains after the Bank of Japan (BOJ) stays pat and conveys economic uncertainty in the quarterly report.
The BOJ left its monetary policy settings untouched following the conclusion of its two-day April monetary policy review meeting on Tuesday.
The central bank kept the benchmark policy rate on hold at -10bps while maintaining its pledge to buy J-REITS at an annual pace of up to JPY180 bln.
Price action has retraced brief dip below 55-EMA and is currently hovering around 200H MA. Decisive break above will buoy bulls.
Major Support Levels:
S1: 107.96 (55-EMA)
S2: 107.41 (110W EMA)
S3: 106.98 (110-EMA)
Major Resistance Levels:
R1: 108.62 (21-EMA)
R2: 108.92 (200W MA)
R3: 109.08 (20-DMA)
Summary: Technical bias is turning bullish again. Pullback has bounced off daily cloud and oscillators are on verge of rollover from oversold levels. Immediate resistance is seen at 21-EMA at 108.62. Decisive break above 200W MA at 108.92 will see upside continuation.
