USD/JPY declined in the earlier session towards 123.00 levels. However, the pair has recovered upto 123.16 levels. Currently the price action is struggling around 123.38 levels, nevertheless short pullback towards 122.80 levels should be viewed as buying opportunities as the support level at 122.64 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. Therefore, long orders are recommended around 122.80 levels.
- Strong support can be seen at 122.64, a break below this level will expose the pair towards next support level located at 122.99 (61.8% Retracement Level).
- Major resistance can be seen at 123.60, a break above this level will open the gates towards 124.00 levels.
Recommendation: We prefer long above 122.80, targets 123.50, 124.00, SL 122.50.
Resistance Levels
R1: 123.60 (November 9th high)
R2: 124.04 (23.6% Retracement Level)
R3:124.54 (Aug 17th high)
Support Levels
S1: 123.24 (38.2 % Retracement Level)
S2: 122.64 (50 % Retracement Level)
S3:122.99 (61.8% Retracement Level)


Ethereum Coils in Tight Range: Bullish Signals Emerge – Buy Dips Targeting $3600
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: EUR/NZD steadies above 2.0400, retains bid tone
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro:AUD/USD attracts selling interest, could be on verge of a bigger drop
FxWirePro: AUD/USD sustains gains as uptrend remains strong
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
FxWirePro: NZD/USD bears regain grip as greenback firms
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption 



