USD/JPY chart - Trading View
USD/JPY hits weekly high above 107 handle as the major extends previous session's recovery gains.
The major was trading 0.11% higher on the day after closing 0.49% higher in the previous session.
US-China tension and increasing virus numbers from the US which strengthen the fears of the wave 2.0 are likely to limit gains in the pair.
The US 10-year treasury yields and stock futures extend the previous day’s losses amid rising risk-off.
Technical indicators support weakness in the pair. Price action is below major moving averages and momentum studies are bearish.
That said, the pair has formed 'Double Bottom' at 106. Price action has edged above 5-DMA, 200H SMA and daily cloud.
21-EMA is stiff resistance at 107.32. Break above will change near-term trend to bullish.
Major Intraday Support - 106.89 (5-DMA)
Major Intraday Resistance - 107.32 (21-EMA)


FxWirePro- Major Crypto levels and bias summary
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 



