{"id":102704,"date":"2020-08-03T09:25:50","date_gmt":"2020-08-03T13:25:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102704"},"modified":"2020-08-03T09:25:50","modified_gmt":"2020-08-03T13:25:50","slug":"usd-jpy-bull-case-not-visible-below-the-21-dma","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-jpy-bull-case-not-visible-below-the-21-dma\/","title":{"rendered":"USD\/JPY Bull Case Not Visible Below the 21-DMA"},"content":{"rendered":"<p>&nbsp;<\/p>\n<ul>\n<li>USD\/JPY bullishness lacks follow-through, despite stronger US dollar<\/li>\n<li>Near-term gains capped at immediate resistance levels<\/li>\n<li>Daily RSI continues in bearish territory ahead of US ISM data<\/li>\n<\/ul>\n<p>USD\/JPY faded off from the 106.45 territory in two good volatile sessions earlier and is now consolidating below 106.00.<\/p>\n<p>The pair is in a near-term bearish technical outlook as the price ranges within a month-long falling channel; the downward-sloping 21-day simple-moving-average caps the upside at 106.58.<\/p>\n<p>A better than expected US ISM Manufacturing PMI might help in a close above the next resistance of 106.85, which will confirm the falling channel pattern. It will then put the bearish 50-DMA of 107.17 as the immediate target.<\/p>\n<p>If the market fails to move up, the intraday low at 105.72 will offer support; if not, the 105.5 psychological barriers could be under attack.<\/p>\n<p>The daily Relative Strength Index, RSI, reading has turned below 50 suggesting more bearishness in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; USD\/JPY bullishness lacks follow-through, despite stronger US dollar Near-term gains capped at immediate resistance levels Daily RSI continues in bearish territory ahead of US ISM data USD\/JPY faded off from the 106.45 territory in two good volatile sessions earlier and is now consolidating below 106.00. The pair is in a near-term bearish technical outlook [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[],"class_list":{"0":"post-102704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jpy","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY Bull Case Not Visible Below the 21-DMA - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/usd-jpy-bull-case-not-visible-below-the-21-dma\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/JPY Bull Case Not Visible Below the 21-DMA\",\"datePublished\":\"2020-08-03T13:25:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/\"},\"wordCount\":158,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100628-gbp-eur-boe-announcement-pound-up.jpg\",\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-bull-case-not-visible-below-the-21-dma\\\/\",\"name\":\"USD\\\/JPY Bull Case Not Visible Below the 21-DMA - 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