USD/JPY dropped towards 122.45 levels during mid-morning American hours. However the pair rebounded after finding support around 122.71 levels and is consolidating around 122.80 to reach higher levels.
- Support level around 122.62 is 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.
- Strong support can be seen at 122.62, a break below this level will expose the pair towards next support level located at 121.00.
- Major resistance can be seen at 123.24, a break above this level will open the gates towards 123.75 levels.
Recommendation: Buy around above 122.60, targets 123.00, 123.40, SL 122.00.
Resistance Levels
R1: 123.04 (Daily high)
R2: 123.24 (38.2% Retracement Level)
R3: 123.75 (Nov 19th high)
Support Levels
S1: 122.62 (50% Retracement Level)
S2: 122.22 (Nov 16th lows)
S3:121.00 (61.8% Retracement Level)


FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD spikes as RBNZ holds rates in split decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD gains some upside momentum ahead of RBNZ decision
NZD/JPY: Triple EMA “Sell-the-Rally” Setup Targets 90 as Bearish ADX Strength Doubles
FxWirePro: USD/CNY edges higher as market sentiment turns cautious
FxWirePro: GBP/NZD advances as kiwi weakens ahead of RBNZ decision
AUDJPY Pares Gains as Soft Australian CPI Cools Rally; Bulls Circle Key Dip-Buying Zone at 113.40
AUD/JPY: Triple EMA “Buy-the-Dip” Setup Targets 115 With Layered Support Intact
FxWirePro: USD/CAD remains buoyant, upside pressure builds
FxWirePro: AUD/USD eases as US-Iran questions mount
EUR/JPY Bullish Above 185: Triple EMA Shield Targets 187.25–188 Breakout
FxWirePro- Woodies pivot (Major)
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
Bitcoin Pares Gains on US-Iran Tensions; Mixed EMA Setup Puts $74K Support on Watch 



