USD/JPY chart - Trading View
USD/JPY was trading 0.33% higher on the day at 104.53 at around 08:45 GMT, extending upside for the 3rd straight session.
US dollar remains bid, risk-off supporting the greenback. US fiscal relief negotiations remained deadlocked and amidst an elusive Brexit deal arrangement, keep markets risk-off.
Price action has broken above stiff resistance at 21-EMA. Daily cloud is now a major hurdle for bulls.
Decisive close above 21-EMA will see change in near-term dynamics. Major resistance for the pair aligns at 104.71 (55-EMA), 105.35 (110-EMA) and 106.36 (200-DMA).
On the flipside, rejection at daily cloud and retrace below 21-EMA will negate any further upside. Dip till 200H MA at 104.20 likely.
Focus shall be on the US Consumer Price Index (CPI) for November for further impetus. Market risk tone will also be a major determinant.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 



