FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish 
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes 
FxWirePro- Woodies Pivot(Major) 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: USD/JPY extends fall as yen rises on intervention fears 
USD/JPY chart - Trading View
USD/JPY was extending marginal gains on the day, was trading 0.15% higher at 108.84 at around 05:00 GMT.
The major was extending gains for the 3rd straight session as the pair retraces from multi-week lows at 107.47.
Cautious trade continues ahead of the US Federal Reserve’s (Fed) monetary policy decision. Fed is unlikely to offer any hints of tapering while keeping the monetary policy unchanged.
Focus will however be on Powell’s statement to see how the chairperson defends the US central bank’s current policies.
On the other side, optimism surrounding US President Joe Biden’s stimulus measures favor the US dollar. DXY up 0.13% intraday around 91.00 at the time of writing.
Technical bias for the pair is turning bullish. Price action has edged above 21-EMA. RSI has edged above 50 mark and 5-DMA has turned.
The major is currently trading shy of 20-DMA resistance at 109.01. Watch for breakout above for upside continuation.
