USD/JPY has rebounded strongly after hitting support level at 122.30 in the early Asian hours to trade at 122.74 levels, the support level at 122.30 set to hold the bears from falling further below and push the pair towards higher levels in the short term, as the US dollar is stronger across the board against Japanese yen in the intraday trading.
- Strong support can be seen at 122.30, a break below this level will expose the pair towards next support level located at 121.96.
- Major resistance can be seen at 123.00, a break above this level will open the gates towards 123.50 levels.
Recommendation: We prefer long above 122.60, targets 123.00, 123.40, SL 121.80.
Resistance Levels
R1: 122.93 (Nov 25th high)
R2: 123.00 (Psychological levels)
R3:123.23 (Nov 23rd High)
Support Levels
S1: 122.64 (38.2% Retracement Level)
S2: 122.30(50% Retracement Level)
S3: 121.96 (61.8 % Retracement Level)


FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally
FxWirePro- Woodies Pivot(Majors)
Major Pair Currency Score: USDCAD and USDCHF Lead Bullish Momentum, While NZDUSD and AUDUSD Face Extreme Bearish Pressure
FxWirePro- Major Pair levels and bias summary
AUDJPY Tumbles Below 111 on Widespread Australian Dollar Weakness; Key Resistance at 112 Holds Firm
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD steadies around 2.3350 , retains bid tone
USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge
FxWirePro: USD/ZAR cedes early gains ,outlook bearish
Fade the Rally: EUR/JPY Short Opportunity Near 180.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends advance as falling oil prices pressures commodity-linked loonie
GBP/JPY Pullback Deepens: Sell-on-Rallies Strategy Targets 207.00 Support
FxWirePro: GBP/USD gains some ground but bulls lack punch
FxWirePro: USD/JPY loses momentum but outlook is bullish
Extremely Bearish JPY Majors: GBPJPY, NZDJPY, AUDJPY Lead the Decline 



