>USD/JPY is approaching support level at 119.97, currently the pair is trading at 120.08 and it is set to decline further towards 119.80 and later 119.50 levels, as Japanese Yen is set to gain against US dollar which is broadly weaker across the board ahead of this year's most important FOMC Meeting.
>Strong support can be seen at 119.62, a break below this level will expose the pair to next support level at 119.24.
>Major resistance can be seen at 120.28, a break above this level will open the door to 120.85 levels.
Recommendation: We prefer short below 120.25, targets 119.70, 119.50, SL 120.90.
Resistance Levels
R1: 120.28 (61.8 % Retracement Level)
R2: 120.45 (Sep 14th high)
R3:120.85 (Sep 11th high)
Support Levels
S1: 119.97 (50 % Retracement Level)
S2: 119.62 (38.2 % Retracement Level)
S3:119.24 (23.6 % Retracement Level)


FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



