Greenback broke out of its 120.00-121.60 range against the yen, to reach a two-month high of 121.72 after Yellen signalled Dec rate hikes.
- USD/JPY is off overnight highs, retraced some of the gains and has edged back below channel resistance at 121.48
- The pair is currently trading at 121.45, just below channel top at 121.48, with supports on the downside at 121.10 (200-DMA) and then 121
- Convincing breaks above channel top at 121.48 can take the pair to 122 levels, host of vanilla option expirations at 122.00 (USD727 mln) could attract
- However, investors are reluctant to push the pair much higher ahead of the release of US Nonfarm Payroll data next Friday
- Daily Stochs are at overbought on the verge of a bearish crossover, correction lower likely
Recommendation: Good to sell rallies around 121.48, SL: 121.80, TP: 121.10


Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: GBP/USD recovers but bears are not done yet again
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: GBP/NZD range to extend until there is game changing news
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions 



