USD/JPY has rebounded strongly after hitting support level at 121.40 to trade around 120.61 levels, currently the pair is approaching to test support level at 121.41. The support level at 120.80 is set to hold the bears from falling further below and bring a rebound towards upside. Therefore, it is good to go long on this pair on dips.
- Levels around 121.00 should be viewed as advantage for buying opportunities, As US dollar is expected to strengthen against the Japanese Yen.
- Strong support can be seen at 120.82, a break below this level will expose the pair to next support level at 120.20 levels.
- Major resistance can be seen at 122.00, a break above this level will open the door to 122.50 levels.
Recommendation: We prefer long above 121.00, targets 121.80, 122.40, SL 120.50.
Resistance Levels
R1: 122.00 (Daily high)
R2: 122.22 (23.6 % Retracement Level)
R3: 122.88 (July10th high)
Support Levels
S1: 121.43 (38.2 % Retracement Level)
S2: 120.82 (50 % Retracement Level)
S3:120.20 (61.8 % Retracement Level)


FxWirePro: NZD/USD pulls back from 6-month high
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout
Oil Spikes on US-Iran Fire: $66 Highs Hit, Buy the Dip at $57–58 for $63 Bounce
FxWirePro: EUR/ NZD heads deeper into bear territory, 23.6% fib eyed
FxWirePro: NZD/USD edges up, remains on front foot
EUR/JPY Stuck in Neutral Gear — Bulls Still in Control Above 182
USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop
FxWirePro: USD/JPY gains some ground but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
Major European Indices
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
AUDJPY Bounces Back: Strategic Buy at 107 Targets 110
FxWirePro: AUD/USD eases slightly but trend is still bullish 



