USD/JPY chart - Trading View
USD/JPY was trading largely unchanged at 105.18 at around 08:15 GMT, after closing 0.29% lower in the previous session.
The pair is set for further weakness as minor recovery attempts lack traction and remain capped below 5-DMA resistance.
Analysis of GMMA indicator shows major and minor trend are bearish and ADX and CCI support weakness.
A bearish 5-DMA crossover on 20-DMA adds to downside bias. Momentum indicators are bearishly aligned.
Pair grinds lower in 'Sloping channel' pattern. Price action is below cloud and major moving averages.
Dip till trendline support at 104.35 likely. Breach there could see test of 104 levels.
5-DMA is immediate resistance at 105.36. Break above 55-EMA required for some meaningful upside. Bearish invalidation only above 200-DMA.


Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/CAD slips after Fed holds rates steady
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Major Pair levels and bias summary 



