USD/JPY chart - Trading View
USD/JPY slipped below 108 handle to hit fresh 7-week lows at 107.97, downward bias intact.
The major was trading largely unchanged at 108.12 at around 04:20 GMT, with session high at 108.31 and low at 107.97.
Diminishing odds for an earlier than anticipated Fed lift-off undermined the buck, dragging the pair lower.
Further, slight deterioration in the global risk sentiment provided a modest lift to the safe-haven Japanese yen.
USD/JPY slips lower for the 3rd straight week, trades below 200W MA with scope for further downside.
Major Support Levels:
S1: 107.95 (55-EMA)
S2: 107.52 (Cloud top)
S3: 107.40 (110W EMA)
Major Resistance Levels:
R1: 108.55 (5-DMA)
R2: 108.94 (200W MA)
R3: 109.46 (20-DMA)
Summary: USD/JPY trades with a bearish technical bias. Watch out for break below 55-EMA support for further downside. Scope for test of cloud support at 107.52.


FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro- Major Crypto levels and bias summary
FxWirePro-Major European Indices
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro- Major Pair levels and bias summary
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 



