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:AUD/USD attracts selling interest, could be on verge of a bigger drop
FxWirePro: NZD/USD bears regain grip as greenback firms
Ethereum Coils in Tight Range: Bullish Signals Emerge – Buy Dips Targeting $3600
Bitcoin's Brutal 2025: Down 6.7% YTD, Hovering at $88K – Buy the Deep Dip at $67K Targeting $125K?
FxWirePro: USD/JPY caught in narrow range, bias bearish
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro: USD/CAD trends higher, but faces potential pitfalls
FxWirePro- Major European Indices
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
NZDJPY Breaks Lower: Bearish Bias Strengthens as Trendline Support Crumbles
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: EUR/NZD steadies above 2.0400, retains bid tone
EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50 



