• USD/JPY rose above 155.00 level on Wednesday after data showed U.S. consumer prices increased as expected in October.
• The consumer price index increased by 0.2% for the fourth consecutive month, according to the Bureau of Labor Statistics. The increase was consistent with economists' estimates.
•U.S. central bank is expected to cut interest rates again in December, economists see the scope for more cuts next year as limited.
• According to CME Group's FedWatch Tool, the chance of a 25 basis point rate cut at the Fed's Dec. 17-18 policy meeting increased from 58.7% before the data was published to around 79.3%.
• Immediate resistance is located at 154.28 (23.6%fib), any close above will push the pair towards 155.02(Higher BB).
• Support is seen at 152.56(Nov 11th low) and break below could take the pair towards 151.56(38.2%fib)
Recommendation: Good to buy around 154.90 with stop loss of 154.00 and target price of 155.80


FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 



