• USD/JPY strengthened on Tuesday as greenback continued to strengthen amid bets that the Fed will take a more moderate approach to cut rates
• On Monday, Fed Governor Christopher Waller also called for “more caution” on further rate cuts amid solid data.
• Investors are now looking ahead to further commentary from Fed officials Daly, Bostic, and Kugler on Tuesday, which could provide additional insights into the central bank's policy direction and economic outlook.
• At GMT 03:34, the pair was trading up 0.16 % at 149.62, retreating slightly from over night top.
• 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 150.00(Psychological level), any close above will push the pair towards 150.51 (Higher BB).
• Support is seen at 149.12 (Oct 14th low) and break below could take the pair towards 147.78 (50%fib)
Recommendation: Good to buy around 149.40, with stop loss of 147.80 and target price of 150.40


FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro- Major Pair levels and bias summary
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments 



