- RES 4: 125
- RES 3 : 124.50 (Cloud bottom)
- RES 2: 123.80 (200 day 4 hma)
- RES 1:123.25 (7 day 4H EMA)
PRICE: 122.94 @10:14 GMT
- SUP 3 :123 (Jul 27th low)
- SUP 4: 122.25 (61.8% retracement of 120.40 and 125.27)
- SUP3: 121.90
- SUP 4 : 120.40 (Jul 8th low)
Potential Reversal Zone- 125
The pair has made low of 123.32 and closed at 123.35 yesterday. It has broken major support in Asian session as Asian markets extend their free fall for the second straight session. The demand for safe haven assets like gold, yen, long-end treasuries.
USD/JPY is trading near major trend line support 122.70 (trend line joining 105.18 and 120.45) and any break below will drag the pair further down till 122.20/121.95.
On the higher side major intraday resistance is around 123.40 and any break above would extend gains till 123.75/124/124.20.
It is good to buy at dips around 122.80-85 with SL around 122.20 for the TP of 123.75/124.15.


FxWirePro- Major European Indices
FxWirePro: USD/JPY dips below lower range, bearish bias increases
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Major US Indices
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Woodies Pivot(Major)
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45 



