NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
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JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
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Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro- Major Pair levels and bias summary 
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Chart - Courtesy Trading View
USD/JPY was trading 0.33% lower on the day at 134.72 at around 04:40 GMT.
The pair is extending sideways grind below 5-DMA, technical indicators are turning bearish.
MACD is on verge of bearish crossover on signal line. Chikou span is biased lower.
RSI is biased lower. Stochs are on verge of bearish rollover from overbought levels.
Price action has slipped below 200H MA. GMMA indicator shows bearish shift on the intraday charts.
Bearish RSI divergence on the daily charts raises scope for further downside.
On the data front, focus remains on the US Durable Goods Orders and Pending Home Sales for May.
US Durable Goods Orders for May are expected at 0.1% versus 0.5% prior, while the Pending Home Sales is expected at -2.0% versus -3.9% prior.
Major Support Levels:
S1: 134
S2: 133.38 (21-EMA)
Major Resistance Levels:
R1: 134.91 (200H MA)
R2: 135.52 (5-DMA)
Summary: USD/JPY trades with a bearish bias. Dip till 21-EMA likely.
