USD hit a 2 1/2-month high of 122.01 against the yen on Thursday and currently trading at 121.68.
- A weekly close above key resistance at 121.75, would signal a break above its trading range in the past few months. The major could thereafter test resistance around 123 levels.
- Data yesterday showed that U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market.
- Solid payroll gains in October could seal the case for a December interest rate increase from the Federal Reserve. NFP data is due at 1330 GMT today, will be closely watched.
- Daily RSI is at overbought and needs to unwind, bullish lean persists as pair continues to hold above the daily cloud & 200-DMA. The 100-DMA has been pierced to add to the bull view.
Recommendation: Good to buy a pullback to 121.01 and look for a break above the August 24 high at 122.10, placing stops at 120.60
Resistance Levels:
R1: 121.75 (100-Day MA)
R2: 122.12 (Daily High Aug 24)
R3: 123.50 (Daily High Aug 21)
Support Levels:
S1: 121.11 (200-Day MA)
S2: 121.00 (Daily Low Nov 4)
S3: 120.94 (Tenkan-Sen)


GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: GBP/NZD edges higher but bearish outlook persists
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Major European Indices
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY dips below lower range, bearish bias increases
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 



