- Risk-on rally in the Asian equities on the back of upbeat Caixin China's manufacturing survey failed to support USD, which corrected lower across the board
- Profit taking was seen after the US dollar index faced rejection at eight-month highs near 100.35 and slipped back to 100 mark
- The greenback had earlier popped above 123.00 for the first time in a week, but fell sharply to hit lows of 122.64
- US ISM manufacturing report due later today will continue to influence the pair, traders will aslo track sentiment across equity markets
- Strong support for the pair is placed at 122.30 (Double bottom - Nov 27 & 24 Low), while immediate resistance is seen at 123.28 (Today's High)
Recommendation: Good to go long on dips around 122.70, SL: 122.20, TP: 123.25


FxWirePro- Major Pair levels and bias summary
AUDJPY Dips Met With Buyers: Bullish While 107 Holds Firm
FxWirePro: NZD/USD retreats slightly but trend is still bullish
FxWirePro: USD/ JPY edges higher as yen weakness after BOJ stays on hold as expected
USD/CHF Pares Gains After 4.4% GDP Blowout: Sell Rallies to 0.7860 Target
FxWirePro- Major European Indices
FxWirePro: USD/CAD extends fall, eyes 1.3700 level
FxWirePro- Major Crypto levels and bias summary
GBPJPY Plunges 200+ Pips, Then Reverses — Bulls Eye 216 on Dip Buys
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD extends gain after positive UK retail sales data.
FxWirePro:GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR recovers slightly but bears are not done yet 



