USD/JPY chart - Trading View
USD/JPY recovery has been capped at 21-EMA resistance. The pair is extending lower for the second straight session.
MACD is on verge of bearish crossover on signal line, negative DMI crossover on positive DMI seen.
Major trend is bearish and upside has seen rejection at 55-EMA. Stochs and RSI are sharply lower and RSI is well below 50 levels.
Price action currently hovers around 61.8% Fib. Break below will see test of lower Bollinger band at 107.08.
Immediate resistance is seen at 20-DMA at 107.99. Retrace above could see minor upside.
Support levels - 107.61 (61.8% Fib), 107.08 (Lower BB), 106.78 (June 25 low)
Resistance levels - 107.99 (20-DMA), 108.52 (50% Fib), 108.78 (55-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 



