USDCHF Faces Downside Risk as Resistance Holds; Sell Rallies Recommended 
FxWirePro: AUD/USD rallies as traders scale back Fed rate hike bets 
FxWirePro: GBP/NZD pulls back slightly , bullish bias persists. 
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges 
FxWirePro: EUR/USD edges higher but rally stalls below post-NFP peak 
FxWirePro: EUR/USD jumps to eight-session high after weak U.S. jobs data 
NZDJPY Poised for Downtrend as Resistance Holds Firm 
FxWirePro- Woodies pivot (Major) 
ETHUSD Forms Double Bottom at $1500, Signaling Potential Bullish Reversal 
FxWirePro: USD/ZAR slips as weak U.S. Jobs data weighs on dollar 
EURJPY Plunges Below 184 Amidst Yen Strength: Bearish Outlook Persists 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro USD/JPY dips as Yen gains after Japan reaffirms FX intervention readiness 
FxWirePro: USD/CAD slips on softer US payrolls but near-term direction hinges on 1.4154 support 
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance 
USD/JPY dropped towards 120.80 levels during mid-morning American hours after home sales data printed negative reading which printed 4.76 million against forecast of 5.35 million units. Nevertheless, decline should be limited as there is scope for rebound as the pair is trading in oversold condition and dollar is set to strengthen against Japanese yen as the Fed is widely expected to hike interest rate further in 2016.
- Immediate support can be seen at 120.70, a break below this level will expose the pair towards next support level located at 120.30.
- Major resistance can be seen at 121.60, a break above this level will open the gates towards 122 levels.
Recommendation: Go long around 120.70, targets 121.20, 121.70, SL 120.00.
Resistance Levels
R1: 121.31 (December 22nd high)
R2: 121.60 (38.2% Retracement Level)
R3: 122.11 (Dec 18th high)
Support Levels
S1: 120.92 (50% Retracement Level)
S2: 120.70 (Session lows)
S3:120.30 (Dec 14th lows)
