The USD/JPY pair rallied initially to test resistance level at 114.21 in the early European session. However, after failing to break resistance level at 21, the pair has slipped back towards 112.55 levels.
- The pair remains under bulls control unless until it trades above 112.80 support level, therefore it is good to buy this pair around 112.80 levels.
- To the upside, the strong resistance can be seen at 114.00, a break above this level would take the pair all the way towards 114.75 levels.
- To the downside immediate support can be seen 113.40, a break below this level will take the pair to next level at 113.21.
Recommendation: Go long around 112.80, targets 113.80, 114.50, SL 112.00
Resistance Levels
R1: 114.00 (38.2% Retracement level)
R2: 114.21 (Daily high)
R3: 114.75 (23.6% Retracement level)
Support Levels
S1: 113.40 (50% Retracement level)
S2: 113.21 (Session lows)
S3: 112.80 (61.8% Retracement level)


EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



