USD/JPY pair has slipped sharply to hit support level at 119.68 after US PPI and retails sales printed negative figures, currently the pair is making an attempt to break support level located at 119.21.A breach would take the pair towards 118.64 support level. However downside should be limited around 118.64 and a rebound is expected to take place sooner or later above the said level.
- Strong support can be seen at 119.21, a break below this level will expose the pair to next support level at 118.64.
- Major resistance can be seen at 119.95, a break above this level will open the door towards 120.56 (Oct 6th high) levels.
Recommendation: We prefer long above 118.70, targets 119.20, 119.50, SL 118.00.
Resistance Levels
R1: 119.95 (23.6 % Retracement Level)
R2: 120.56 (Oct 6th high)
R3: 121.21(Sep 25th high)
Support Levels
S1: 119.21 (38.2 % Retracement Level)
S2: 118.64 (50 % Retracement Level)
S3: 118.05 (61.8% Retracement Level)


EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level 



