USD/JPY dropped towards 122.34 levels during early European hours. However after the US market opened the pair has rebounded strongly above 122.30 support levels and is approaching resistance level at 122.64.
- Currently the pair is trading around 122.59 levels it is set to advance further towards 123.00 and 123.50 in the short term. Support level around 122.62 is set to hold the bears from falling further below and push the pair upwards, as pair is trading in oversold condition and strong rebound is expected sooner or later.
- Strong support can be seen at 121.97, a break below this level will expose the pair towards next support level located at 121.50.
- Major resistance can be seen at 122.64, a break above this level will open the gates towards 123.00 levels.
Recommendation: Buy around 122.20, targets 123.00, 123.40, SL 122.00.
Resistance Levels
R1: 122.64 (38.2% Retracement Level)
R2: 122.90 (Nov 20th high)
R3: 123.08 (23.6% Retracement Level)
Support Levels
S1: 122.30 (50% Retracement Level)
S2: 122.22 (Nov 16th lows)
S3: 121.97 (61.8% Retracement Level)


FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY downside pressure builds, key support level In focus
NZDJPY Breaks Lower: Bearish Bias Strengthens as Trendline Support Crumbles
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro- Major European Indices
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- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
FxWirePro: USD/JPY holds narrow range,focus on near-term support
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107 



