USD/JPY has rebounded after hitting support level at 120.50 and is bouncing above to test resistance level at 121.13, the support level at 120.50 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. Therefore, it's good to buy this pair on dips.
- Strong support can be seen at 120.50, a break below this level will expose the pair towards next support level located at 120.00.
- Major resistance can be seen at 121.13, a break above this level will open the gates towards 121.80 levels.
Recommendation: We prefer long above 120.50, targets 121.00, 121.50, SL 119.10.
Resistance Levels
R1: 121.13 (50 % Retracement Level)
R2: 121.88 (38.2% Retracement Level)
R3:122.71 (23.6 % Retracement Level)
Support Levels
S1: 120.50 (61.8 % Retracement Level)
S2: 120.00 (Psychological levels)
S3:118.63 (Oct 2nd lows)


FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro: GBP/USD could target 1.3400 as selling pressure builds
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD slips as geopolitical and domestic political risks weigh
Buy the Dip? AUDJPY Holds Trendline Support Near 112
FxWirePro: USD/ZAR recovers as traders assess US and South African data
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
Euro Rally Drives EUR/JPY Past 183.50: Upside Targets 185.00 in Focus
FxWirePro: GBP/USD gives up gains as traders await UK GDP 



