USD/JPY chart - Trading View
USD/JPY is extending bearish streak for the 6th straight session, bias remains bearish.
The major was trading 0.31% lower on the day at 106.54 at around 06:10 GMT, momentum with the bears.
The U.S. dollar remains on the back foot across the board ahead of the crucial US GDP data and FOMC meeting.
The initial estimate of US Gross Domestic Product for the first quarter is projected to show an annualized contraction of around 4%.
The Federal Reserve will probably leave its interest rates unchanged. Focus will be on forecasts for growth, inflation, employment, and interest rates, as well as the tone by Jerome Powell.
USD/JPY has slipped below daily cloud raising scope for further weakness. Analysis of GMMA indicator shows major and minor trend are strongly bearish.
MACD and ADX also support weakness. Volatility is rising on the daily and weekly charts. Dip till 61.8% Fib at 105.20 likely.
21-EMA is strong resistance at 107.67. Bearish invalidation only above 200-DMA.


Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major Crypto levels and bias summary
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro- Major European Indices 



