USD/JPY has broken support level at 120.77 and is set to test next support level at 120.30, the support level at 120.30 set to hold the bears from falling further below and push the pair upwards, as the US dollar is stronger across the board against Japanese yen. Therefore, it is good go long whenever there is short pullback.
- Strong support can be seen at 119.80 (38.2 % Retracement Level), a break below this level will expose the pair to next support level at 119.20 levels.
- Major resistance can be seen at 120.41, a break above this level will open the door towards 120.80 levels.
Recommendation: We prefer long above 120.30, targets 121.00, 121.50, SL 119.10.
Resistance Levels
R1: 121.41 (23.6 % Retracement Level)
R2: 121.66 (Aug 31 high)
Support Levels
S1: 120.30 (50 % Retracement Level)
S2: 119.80 (38.2 % Retracement Level)
S3:119.20 (Sep 1st lows)


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Woodies Pivot(Major)
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major European Indices
FxWirePro: GBP/NZD range to extend until there is game changing news
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Crypto levels and bias summary
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



