• USD/JPY held steady around 155.30 on Wednesday as traders awaited U.S. inflation data and trade updates.
• Investors are waiting for January U.S. CPI data and Jerome Powell's second day of testimony for clues on the Fed's monetary policy outlook.
• Investors are also watching U.S. President Trump's tariff plans, including reciprocal tariffs on countries that impose duties on U.S. imports..
• At GMT 11:31, the pair was trading up 0.68 % at 153.51 .
• Technical signals are strongly bullish as RSI is at 64, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 153.73 (38.2%fib), any close above will push the pair towards 155.58 (Feb 4th high).
• Support is seen at 152.33 (Daily low) and break below could take the pair towards 150.96 (50%fib)
Recommendation: Good to buy around 153.20, with stop loss of 152.50 and target price of 154.00


FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro- Woodies Pivot (Major)
FxWirePro- Woodies Pivot (Major)
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 



