USD/JPY has rebounded strongly after hitting minor support level at 120.47 in the early American hours to trade at 121.03 levels, the support level at 120.47 set to hold the bears from falling further below and push the pair towards higher levels in the short term, as the US dollar is stronger across the board against Japanese yen in the intraday trading.
- Strong support can be seen at 120.47, a break below this level will expose the pair towards next support level located at 120.04.
- Major resistance can be seen at 121.46, a break above this level will open the gates towards 122.00 levels.
Recommendation: We prefer long above 120.60, targets 121.50, 122.00, SL 119.00.
Resistance Levels
R1: 121.46 (Oct 26th high)
R2: 122.00 (Psychological levels)
R3:122.90 (July 7th high)
Support Levels
S1: 120.47 (38.2% Retracement Level)
S2: 120.04 (50% Retracement Level)
S3: 119.56 (61.8 % Retracement Level)


FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Pair levels and bias summary
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level 



