- USD/JPY has recovered after making a low of 119.21 and is currently trading at 119.96. The pair's major intraday resistance is around 120.60 (Support turned into resistance and also 200 day HMA).
- It has formed double bottom around 119.20 and any further weakness only below 119.20.
- Yen rallied against all major currencies due to sell off in global equities.
- Any break above 120.60 will take the pair further up till 121/121.40 in short term.
- The minor support is around 119.80 and break below extend losses till 119.20/118.25.
- Bearish invalidation only above 121.75.
It is good to buy at dips around 120.-120.05 with SL around 119.20 for the TP of 121/121.70


FxWirePro: EUR/ AUD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CNY drifts lower, could be on verge of bigger drop
Gold Rebounds Past $4450: Bullish Structure Targets $4700 Resistance
AUD/JPY Dips Below 113: Key EMAs Hold Line for a Buy-on-Dip Setup
FxWirePro: EUR/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/JPY slips lower but outlook is bullish
FxWirePro : EUR/NZD dips, set to stay on back foot
EUR/USD and GBP/USD Hit Peak Bullish Score (+100) as USD/CAD Plunges to Extremely Bearish (-100)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD hits 3-month high, scope for further upside
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
NZD/JPY Bears Eye 91.00 as Resistance at 94.40 Holds Strong
FxWirePro: USD/JPY gains as yen retreats after Japan trade data
USD/JPY Bearish at -95 as GBP/JPY, EUR/JPY, and CAD/JPY Lead Major Currency Scores at +85
FxWirePro: GBP/AUD erases earlier gains ,Outlook bearish
FxWirePro: GBP/AUD trends higher, but faces potential pitfalls 



