- USD/JPY has broken major support 120.60 (200 day MA) and is trading well below that level. Overall trend is weak a decline till 119.40/118.60 cannot be ruled out.
- On the higher side minor resistance is around 120.95 and nay break above would extend gains till 121.30/121.65 is possible.
- Short term bearish invalidation only below 121.65 level.
It is good to sell on rallies around 120.45-50 with SL around 121.65 for the TP of 119.40/118.60


FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
AUD/JPY Technical Outlook: Range-Bound Trading Amidst Emerging Bearish Pressure
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro- Major European Indices
GBP/JPY Technical Outlook: Pound Gains Ground Amid Geopolitical Consolidation
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias 



