USD/JPY failed to hold at higher levels and slipped despite a relief rally in the Asian indices, especially with a positive opening in China's stock markets supported risk-on environment.
- The pair still holds above the 118 handle and is trying to stabilize above the hourly 50-SMA support placed at 118.18.
- Stochs on 4hourlies have rolled over from oversold zone with a bullish crossover, MACD also gives a buy on the 4Hourly charts.
- A close above 118.30 (major support turned resistance) with support from momentum indicators could see regain of 120 levels.
- On the other side a close below 117.72 will take the pair to 116 and then 115.60 levels.
Recommendation: We will wait for confirmation to go long


NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
FxWirePro: NZD/USD gains slightly but bearish outlook remains
FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
FxWirePro- Major European Indices
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro:GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD eases slightly but trend is still bullish
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro- Woodies pivot (Major) 



