USD/JPY has slipped back towards 122.71 levels, after failing to hold above 123.00 levels, after a brief bullish surge towards 123.73 yesterday.
- The pair may extend its weakness up to 122.00 (61.8% Fib retracement level) and consolidate well above this this area and move further upside, as this area has been a strong recovery zone for the pair of late. Therefore, it's good to entry long order around 122.00 levels.
- Strong support can be seen at 122.60, a break below this level will expose the pair to next support level at 120.00 levels.
- Major resistance can be seen at 123.00, a break above this level will open the door to 123.65 levels.
Recommendation: We prefer long around 122.40, targets 122.60, 123.40, SL 122.00.
Resistance Levels
R1: 123.00 (Psychological Level)
R2: 123.25 (38.2 % Retracement Level)
R3:123.65 (Nov 9thhigh)
Support Levels
S1: 122.60 (50 % Retracement Level)
S2: 122.21 (Nov 16th lows)
S3: 120.00 (61.8 % Retracement Level)


USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge
FxWirePro- Woodies Pivot(Majors)
FxWirePro- Woodies Pivot(Majors)
FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood
FxWirePro: NZD/USD remains soft as US bond bloodbath dominates
FxWirePro: USD/JPY loses momentum but outlook is bullish
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
FxWirePro: USD/ZAR cedes early gains ,outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
FxWirePro: USD/CAD extends advance as falling oil prices pressures commodity-linked loonie
FxWirePro: GBP/USD gains some ground but bulls lack punch
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish
NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation
Major Pair Currency Score: USDCAD and USDCHF Lead Bullish Momentum, While NZDUSD and AUDUSD Face Extreme Bearish Pressure
Extremely Bearish JPY Majors: GBPJPY, NZDJPY, AUDJPY Lead the Decline 



