USD/JPY has rebounded strongly after hitting minor support level at 116.45 and is bouncing to test resistance level at 117.27, the resistance level located 117.67 set to hold the bull from advancing further and push the pair towards lower levels in the short term, as the US dollar is weaker across the board against Japanese yen. Therefore, it's good to sell this pair on rallies.
- Strong support can be seen at 116.45, a break below this level will expose the pair towards next support level located at 115.85.
- Major resistance can be seen at 117.67, a break above this level will open the gates towards 118.11 levels.
Recommendation: We prefer short around above 117.50, targets 117.00, 116.00, SL 118.30.
Resistance Levels
R1: 117.27 (Session high)
R2: 117.67 (61.8% Retracement Level)
R3: 118.11 (Jan 19th high)
Support Levels
S1: 116.77 (50 % Retracement Level)
S2: 116.45 (Daily lows)
S3: 115.85 (38.2 % Retracement Level)


FxWirePro: GBP/USD slips to four-month low with plenty more downside potential
FxWirePro: EUR/USD slips as Iran conflict fuels inflation fears
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
FxWirePro: USD/JPY stuck in narrow ranges amid intervention risks
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
Aussie Losing Its Luster: AUDJPY Breaks Below 110.00 as Bearish Momentum Intensifies
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: EUR/NZD loses momentum but bullish setup remains 



