- USD/JPY has broken above 200-DMA to take out 108 levels on Monday's trade.
- The major has paused upside after hitting highs of 108.54, highest since June 3rd 2016.
- 108.43 which is weekly 200-MA is stiff resistance for the pair, breakout above could see resumption of upside.
- We see some consolidation around weekly 200-MA at 108.43.
- Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-breaks-above-200-DMA-bias-bullish-stay-long-398666) has achieved all targets.
- Major support is seen at 106.46 (200-DMA), while 108.43 (weekly 200-MA) is major resistance.
Recommendation: Good to go long on breakout above 108.43, target 109/ 109.25 levels.
FxWirePro's Hourly USD Spot Index was at 77.8059 (Slightly Bullish), while Hourly JPY Spot Index was at -112.76 (Highly Bearish) at 0708 GMT.
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Woodies Pivot(Major)
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback 



