- The USD/JPY pair rose on Monday, following a surge in Japan's stock market, after the country's ruling coalition won a clear victory in upper house elections, fuelling expectations of more monetary stimulus.
- The Bank of Japan is expected to provide additional easing to keep interest rates low and the yen weak to make sure stimulus spending can gain traction.
- Currently, the pair is trading at 102.67 levels, it is set to advance further towards 103.00 and later 103.50 levels in the short term.
- To the upside, the strong resistance can be seen at 103.26, a break above this level would take the pair towards next resistance level at 104.00.
- To the downside immediate support can be seen at 102.04, a break below this level will open the door towards next level at 101.30
Resistance Levels
R1: 102.75 (38.2% Retracement Level)
R2: 103.26 (July 24th high)
R3: 104.00(Psychological levels)
Support Levels
S1: 102.04 (50% Retracement Level)
S2: 101.30 (61.8% Retracement Level)
S3: 100.50 (Daily lows)


Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major European Indices
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major Pair levels and bias summary
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



