The USD/JPY pair slipped towards 113.14 levels after the release of US employment data, however the pair pulled back some losses after the market stabilized from the impact of the news.
- Currently the pair is trading around 113.85 levels, a short dip towards 113.50 levels should be viewed as buying opportunities as the support level at 113.14 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 112.80, a break below this level will expose the pair towards next support level located at 112.00.
- 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 113.50, targets 114.20, 114.80, SL 112.50
Resistance Levels
R1: 114.00 (38.2% Retracement Level)
R2: 114.22 (Daily high)
R3:114.71 (23.6% Retracement Level)
Support Levels
S1: 113.40 (50% Retracement Level)
S2: 113.14 (Session lows)
S3: 112.80 (61.8% Retracement Level)


Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: GBP/AUD edges higher but bulls lack punch 



