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USD/JPY chart - Trading View
USD/JPY is extending sideways movement as price action remains capped below 55-EMA.
Technical indicators do not provide a clear directional bias. RSI and Stochastics have gone flat on the daily charts.
Major trend on the weekly charts is bearish and bias tilted lower as long as pair remains capped below 55-EMA.
Break above 55-EMA will see test of 38.2% Fib at 107.06. 200-DMA is major resistance at 107.83.
On the flipside, retrace below cloud will see bearish continuation. Dip till 104 levels likely.
