Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00 
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies 
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum 
FxWirePro: EUR/AUD retreats slightly but trend is still bullish 
FxWirePro: USD/ZAR loses momentum but outlook is bullish 
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains 
FxWirePro: GBP/USD recovers but bears are not done yet again 
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes 
FxWirePro: GBP/USD gains some upside momentum but still bearish 
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150 
FxWirePro: EUR/ NZD loses momentum but outlook is bullish 
FxWirePro- Woodies Pivot(Major) 
The USD/JPY pair has surged towards higher levels after nonfarm payrolls printed better than expected figures,. Currently the pair is trading around 123.25 levels, a short dip towards 122.80 levels should be viewed as buying opportunities as the support level at 122.80 is set to hold the bears from falling further below and push the pair towards higher levels in the short term.
- Strong support can be seen at 122.80, a break below this level will expose the pair towards next support level located at 121.65.
- Major resistance can be seen at 123.60, a break above this level will open the gates towards 124.00 levels.
Recommendation: We prefer long above 122.60, targets 123.50, 124.00, SL 122.50.
Resistance Levels
R1: 123.38 (23.6% Retracement Level)
R2: 123.57 (Nov 3rd high)
R3: 123.57 (Nov 18th high)
Support Levels
S1: 122.97 (50% Retracement Level)
S2: 122.80 (61.8% Retracement Level)
S3: 121.65 (Dec 1st lows)
