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


FxWirePro: USD/ZAR gains mild momentum, trend remains bearish
FxWirePro: GBP/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level
FxWirePro: EUR/AUD falls below 1.7000, bears keep the advantage
Oil Spikes on US-Iran Fire: $66 Highs Hit, Buy the Dip at $57–58 for $63 Bounce
GBPJPY Bulls Stay in Charge: Holding 210 Unlocks 214+ Upside – Buy the Dip
FxWirePro: GBP/AUD gains some upside momentum but still bearish
CAD/JPY Bounces to 113.22 — BOC Hold Sparks Dip-Buy Setup Toward 115
Fed Pause Fails to Lift Dollar — USD/CHF Pulls Back to 0.76822, Bears in Control
FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout
FxWirePro: USD/JPY gains some ground but bearish outlook persists
FxWirePro: EUR/ NZD heads deeper into bear territory, 23.6% fib eyed
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact 



