USD/JPY has rebounded strongly after hitting support level at 120.48 in the early European hours to trade at 120.56 levels during US market opening, the support level at 120.48 set to hold the bears from falling further below and push the pair towards higher levels in the short term, as the US dollar is stronger across the board against Japanese yen in the intraday trading.
- Strong support can be seen at 120.48, a break below this level will expose the pair towards next support level located at 120.00.
- Major resistance can be seen at 121.03, a break above this level will open the gates towards 121.66 levels.
Recommendation: We prefer long above 120.48, targets 121.00, 121.50, SL 119.80.
Resistance Levels
R1: 121.03 (38.2 % Retracement Level)
R2: 121.66 (Aug 28th high)
R3:121.98 (Aug 24th high)
Support Levels
S1: 120.48 (38.2 % Retracement Level)
S2: 120.00 (50 % Retracement Level)
S3: 119.53 (61.8 % Retracement Level)


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major European Indices
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



