- USD/JPY is currently trading at 121.20 after making a high of 121.38 on the day likely on short-covering
- Strong channel-top resistance for the pair is located at 121.48, pair cloud retrace gains from that level
- Asian shares rallied with Japanese stocks leading the way, while investors' bigger risk appetite keeps USD supported
- Breaks above 121.48 (channel-top resistance) can take the pair to 121.70 and further to 122 levels
- Supports on the downside are seen at 120.99 hourly kijun, 120.81 daily tenkan and 121.05 (200 DMA)
- Market focus on Fed speakers and the ADP report in the US session for cues on further direction
Recommendation: Good to sell rallies around 121.25/ 30, SL: 121.70, TP: 120.70


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major European Indices
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war 



