USD/JPY is unable to extend gains above 200-DMA at 121.47 which is strong resistance on the upside.
- The pair is trading by day's lows at 120.53, any further bullishness could be seen only if pair breaks above 200-DMA.
- For now, bears seem to rule the day, downside has accelerated after the RBA policy decision to stay on hold.
- Techs indicate further downside, RSI is biased lower, we see a bearish Stochs crossover at overbought levels, a rollover below 80 levels would further confirm downside.
- Immediate support on the downside is seen at 120.03 (5-DMA), while on the upside resistance lies at 121.03 (session highs) ahead of 121.47 (200-DMA).
Recommendation: We find it good to sell rallies around 120.70, SL: 121.50, TP: 120/119.75/119.60


Yen Retreats: AUDJPY Hits Three-Day Winning Streak as Bullish Momentum Surges
FxWirePro: USD/CAD gains some ground but bias is bearish
FxWirePro: USD/JPY holds firm but remains capped below 158.00
FxWirePro: GBP/USD slide extends as UK political tumult intensifies
FxWirePro- Major Pair levels and bias summary
Bitcoin Holds Steady Near USD 80k as the CLARITY Act Heads for a Decisive Senate Vote
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD eases slightly as focus shifts to US-China meeting
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
Ethereum at a Crossroads: ETH Holds Above USD 2300 as Bulls Eye a Trend Reversal
FxWirePro: USD/ZAR gains some upside as rand weakens after sour local jobs data
FxWirePro: AUD/USD softens slightly as market focus on U.S.-China meeting
Kiwi Under Pressure: NZDJPY Pulls Back as Bearish Momentum Builds
FxWirePro: USD/CNY slips as Yuan firms ahead of Trump-Xi talks
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: EUR/ NZD dips towards 1.9700 level ,scope for further downside 



