The USD/JPY pair slipped towards 112.36 levels during early US session, however the pair pulled back some losses after the release of jobless claims data from US market.
- Currently the pair is trading around 112.51 levels, a short dip towards 122.25 levels should be viewed as buying opportunities as the support level at 112.22 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 111.85, a break below this level will expose the pair towards next support level located at 111.50 levels.
- Major resistance can be seen at 112.60, a break above this level will open the gates towards 112.90 levels.
Resistance Levels
R1: 112.60 (38.2% Retracement Level)
R2: 112.90 (March 23rd high)
R3: 113.06 (23.6% Retracement Level)
Support Levels
S1: 112.34 (Daily lows)
S2: 112.22 (50% Retracement Level)
S3:111.85 (61.8% Retracement Level)


FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



