- USD/JPY has strongly surged towards higher levels after the release of positive nonfarm payroll data and is bouncing above to test resistance level at 123.15, the support level at 122.52 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, long orders are recommended around 122.50 levels.
- Strong support can be seen at 121.91, a break below this level will expose the pair towards next support level located at 121.35.
- Major resistance can be seen at 123.51, a break above this level will open the gates towards 124.00 levels.
Recommendation: We prefer long above 122.40, targets 123.00, 123.50, SL 121.80.
Resistance Levels
R1: 123.15 (38.2% Retracement Level)
R2: 123.51 (Aug 21st high)
R3:124.00 (23.6% Retracement Level)
Support Levels
S1: 122.52 (50 % Retracement Level)
S2: 121.91 (61.8% Retracement Level)
S3: 121.35 (Nov 5th lows)


Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
FxWirePro: USD/JPY steadies around 159.30, bias bullish
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro: GBP/USD could target 1.3400 as selling pressure builds
Euro Rally Drives EUR/JPY Past 183.50: Upside Targets 185.00 in Focus
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY hovers near 3-1/2 year low, scope for further downside
FxWirePro: GBP/USD gives up gains as traders await UK GDP
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
JPY Majors Currency Score (15 min): NZDJPY Crashes to Extreme Bearish -100, CHFJPY Turns Sharply Bearish
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD bears maintain upper hand 



