FxWirePro: GBP/USD gains some upside momentum but still bearish 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/ NZD loses momentum but outlook is bullish 
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes 
FxWirePro- Woodies Pivot(Major) 
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity 
FxWirePro- Major Pair levels and bias summary 
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies 
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone 
FxWirePro: EUR/NZD loses momentum but bullish setup remains 
FxWirePro: EUR/USD slips as Iran conflict fuels inflation fears 
FxWirePro- Major European Indices 
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150 
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains 
USD/JPY dropped towards 120.80 levels during mid-morning American hours after home sales data printed negative reading which printed 4.76 million against forecast of 5.35 million units. Nevertheless, decline should be limited as there is scope for rebound as the pair is trading in oversold condition and dollar is set to strengthen against Japanese yen as the Fed is widely expected to hike interest rate further in 2016.
- Immediate support can be seen at 120.70, a break below this level will expose the pair towards next support level located at 120.30.
- Major resistance can be seen at 121.60, a break above this level will open the gates towards 122 levels.
Recommendation: Go long around 120.70, targets 121.20, 121.70, SL 120.00.
Resistance Levels
R1: 121.31 (December 22nd high)
R2: 121.60 (38.2% Retracement Level)
R3: 122.11 (Dec 18th high)
Support Levels
S1: 120.92 (50% Retracement Level)
S2: 120.70 (Session lows)
S3:120.30 (Dec 14th lows)
