Chart - Courtesy Trading View
USD/JPY was trading 0.23% lower on the day at 137.18 at around 05:30 GMT, focus on the Jackson Hole symposium for impetus.
The pair opens the week on a bullish note, is extending gains for the 6th straight session, technical bias is bullish.
Federal Reserve (Fed) policymakers have shown mixed commentary as price pressures have trimmed suggesting a possible slowdown in the pace of hiking interest rates.
Uncertainty over the commentary from the Fed at the Jackson Hole symposium will keep prices volatile.
Investors also await the release of the US Durable Goods Orders data, which is expected to decline to 0.6% from the prior release of 2%.
Major Support Levels:
S1: 136.30 (Cloud top)
S2: 135.83 (5-DMA)
Major Resistance Levels:
R1: 137.55 (Upper BB)
R2: 139.38 (July 2022 high)
Summary: USD/JPY trades with a bullish bias. Pullback has bounced off cloud base support. Breakout above cloud has opened upside. Scope for pair to refresh yearly high above 139.38.


FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Woodies pivot (Major)
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 



