- USD/JPY is consolidating a close above 112 handle on Monday's trade.
- The major is trading in an extremely narrow range, with a day's high of 112.30 and low of 112.03.
- Upside lacks traction, we see 20-DMA at 112.40 acting as stiff resistance.
- 'Bearish Cypher' formation on daily charts keeps scope for downside.
- 200-DMA at 111.76 is offering strong support on the downside, break below will accentuate weakness.
- Scope then for test of 100-DMA at 111.14. Bearish invalidation seen on retrace above 20-DMA at 112.40.
- Focus now shifts towards the US dataflow and Fedspeaks for fresh impetus on the buck. News from N. Korea will also be watched.
Support levels - 112, 111.76 (200-DMA), 111.50 (Sept 26 low), 111.14 (100-DMA), 111
Resistance levels - 112.40 (20-DMA), 112.72 (Sept 21 high), 113
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 65.8508 (Neutral), while Hourly JPY Spot Index was at -13.2904 (Neutral) at 0640 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: NZD/USD retreats as Middle East instability weighs
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro- Major Pair levels and bias summary 



