• USD/JPY hit three-month high on Wednesday as yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing the pair to three-month high.
• Greenback has climbed for three weeks as expectation for aggressive rate hikes from the Federal Reserve has faded after a slew of upbeat economic data.
• At GMT 01:52, the pair was up 0.40% to 151.67, its highest level since July 22 nd.
• Technical signals are strongly bullish as RSI is at 68, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 152.28(38.2%fib), any close above will push the pair towards 153.45(Higher BB).
• Support is seen at 151.00(Psychological level ) and break below could take the pair towards 149.82 (38.2%fib).
Recommendation: Good to buy around 151.20, with stop loss of 150.50 and target price of 151.80


FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro- Major Crypto levels and bias summary
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 



