- USD/JPY was rejected at highs at 109.40, slips lower to currently trade at 109.13 levels.
- The pair is extending consolidation along strong support by channel base at 108.72.
- Only a decisive break below will see further weakness in the pair. Upside remains capped below 20-DMA currently at 109.80.
- Successive Doji formation on weekly charts along with bullish Stochastics divergence on dailies raises scope for upside.
- Absence of any direct monetary policy related comments by either Yellen or Draghi during their Jackson Hole speeches keeps the pair subdued.
- Break above 20- DMA could see reversal. While on the downside, break below channel base at 108.72 could see drag upto 108.13 (Apr 17 low).
Support levels - 109, 108.72 (Channel base), 108.13 (Apr 17 low)
Resistance levels - 109.31 (5-DMA), 109.80 (20-DMA), 110, 110.95 (Aug 16 high)
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/USD bulls remain cautiously optimistic
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major European Indices 



