USD/JPY chart - Trading View
USD/JPY was trading 0.20% higher on the day at 103.21 at around 06:50 GMT.
The pair is extending gains for the 2nd straight session and holds above 5-DMA.
Risks for the pair remain skewed to the downside despite minor bounce from multi-month lows.
Recovery lacks traction and upside finds stiff resistance at 21-EMA at 103.47. Decisive break above to see further gains.
Ongoing risk-off after overnight chaos in the US capitol coupled with US-China tensions could keep the safe-haven dollar bid.
Technical bias is strongly bearish. The pair has held support at 102.60 (falling trendline). Break below will see downside resumption.
Supports below align at 103.06 (5-DMA), 102.60 (falling trendline), 102, 101.70 (trendline), 101.18 (March 2020 low).
On the flipside, resistances are seen at 103.26 (200H MA), 103.47 (21-EMA), 104.05 (55-EMA) and 104.79 (110-EMA).
On the data front, focus will be on U.S. ISM Services PMI later today ahead of Non-farm Payrolls due Friday for impetus.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary 



