USD/JPY pair has slipped sharply to hit support level at 119.75, however after failing to break support level at 119.75 the pair is making an attempt to rebound and reach higher levels. The pair is set to advance further towards 120.00 and 120.50 in the short term, as the US dollar is set gain upper hand against Japanese yen in the coming sessions. Therefore, it's good to buy this pair around 119.80.
- Strong support can be seen at 119.75, a break below this level will expose the pair to next support level at 119.37 (Sep 29th lows).
- Major resistance can be seen at 120.59 (38.2 % Retracement Level), a break above this level will open the door towards 121.00.
Recommendation: We prefer long above 119.80, targets 120.50, 120.80, SL 119.00.
Resistance Levels
R1: 120.14 (50 % Retracement Level)
R2: 120.35 (Sep 30th high)
R3: 120.59 (38.2 % Retracement Level)
Support Levels
S1: 119.75 (38.2 % Retracement Level)
S2: 119.37 (Sep 29th lows)
S3:118.94 (Oct 2nd lows)


FxWirePro- Major Crypto levels and bias summary
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD range to extend until there is game changing news
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro: GBP/USD gains some upside momentum but still bearish
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: EUR/AUD retreats slightly but trend is still bullish 



