USD/JPY chart - Trading View
USD/JPY consolidates its recovery above the 107 handle, trades 0.28% higher at 107.16 at around 06:45 GMT.
The pair is extending weakness after rejection at 200W SMA. 'Bearish Engulfing' on the weekly charts adds to the bearish bias.
Japanese parliament has approved the record JPY31.9 trillion second stimulus package to fight the economic blow from the coronavirus pandemic.
Price action has broken below 'Symmetric Triangle'. MACD bearish crossover on signal line adds to the bearish bias.
The pair is trading below 200-DMA and break below daily cloud will accentuate weakness.
Major Support: 106.44 (Cloud base)
Major Resistance: 108.40 (200-DMA)


EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Woodies pivot (Major)
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest. 



