USD/JPY has slipped back towards 122.71 levels, after failing to hold above 123.00 levels, after a brief bullish surge towards 123.73 yesterday.
- The pair may extend its weakness up to 122.00 (61.8% Fib retracement level) and consolidate well above this this area and move further upside, as this area has been a strong recovery zone for the pair of late. Therefore, it's good to entry long order around 122.00 levels.
- Strong support can be seen at 122.60, a break below this level will expose the pair to next support level at 120.00 levels.
- Major resistance can be seen at 123.00, a break above this level will open the door to 123.65 levels.
Recommendation: We prefer long around 122.40, targets 122.60, 123.40, SL 122.00.
Resistance Levels
R1: 123.00 (Psychological Level)
R2: 123.25 (38.2 % Retracement Level)
R3:123.65 (Nov 9thhigh)
Support Levels
S1: 122.60 (50 % Retracement Level)
S2: 122.21 (Nov 16th lows)
S3: 120.00 (61.8 % Retracement Level)


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips ahead of Manchester local election
ETH Follows BTC Higher: $2056 and Climbing – Bulls Locked In Above $2000
EUR/JPY Coils Tightly Above 183.20 – Bulls Ready to Push Toward 186
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD steadies around 1.3680,retains bid tone
FxWirePro: GBP/AUD key support held, downside risk remains
FxWirePro:EUR/AUD neutral in the near-term, scope for downward resumption
NZDJPY Retraces on Tokyo CPI: Bulls Eye 95.00 Target as Support Holds
FxWirePro: USD/JPY dips as yen gains after Tokyo CPI data
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/ USD edges up as Australian dollar gains on hawkish RBA outlook
FxWirePro: USD/CAD changes short term trend from neutral to bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD slides as UK political uncertainty weighs on pound
FxWirePro: GBP/NZD attracts selling interest, vulnerable to more downside 



