USD/JPY chart - Trading View
USD/JPY was trading 0.21% lower on the day at 107.50 at around 11:50 GMT, after closing largely unchanged in the previous session.
The pair is extending sideways below 200-DMA, bias remains slightly bearish. Volatility is shrinking.
A potential 'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps downside pressure.
Major and minor trend for the pair are turning bearish as evidenced by GMMA indicator. RSI is below 50 and momentum is bearish.
The pair is hovering around 5-DMA and is extending consolidation below 200-DMA. Scope for downside resumption.
Focus on the US Jobless Claim data for direction. Coronavirus updates will be crucial to follow to gauge market risk appetite.
Break above 200-DMA will fuel upside in the pair. On the flipside, break below cloud will drag the pair lower.
Support levels - 106.85 (Lower BB), 106.44 (50% Fib)
Resistance levels - 107.98 (21-EMA), 108.30 (200-DMA)


FxWirePro- Major European Indices
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory
FxWirePro: NZD/USD consolidating around 0.6030 , bias is bullish
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/AUD dips ahead of pivotal RBA call
FxWirePro- Major Crypto levels and bias summary
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
EURJPY Breaks Above 184 – Euro Bulls Charge Toward 187
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 



