- USD/JPY has seen a robust recovery from near 17-month lows at 107.63 (April 11th).
- The pair is rangebound on the day, made intraday high at 109.21 and low at 108.74 levels.
- Recovery appears capped ahead of 109.20 region, the pair also finds strong trendline resistance at 109.45.
- Upside seems capped largely on the back broad based US dollar weakness, we see scope for further gains only on breaks above 109.50.
- On the data front, markets focus on US building permits and housing starts data due in the NY session, and also Japanese trade balance due tomorrow.
- Immediate resistance is seen at 109.21 (session highs), ahead of 109.45 (trendline).
- Supports are located at 108.78 (10-DMA), 108.65 (4H cloud base) and then at 108.50 (Apr 13th lows).
Recommendation: Good to sell rallies around 109.10/15, SL: 109.50, TP: 108.75/108.50/108


EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro- Major Crypto levels and bias summary
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 



