FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major European Indices 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
Chart - Courtesy Trading View
USD/JPY was trading 0.25% higher on the day at 121.05 at around 05:05 GMT.
The pair has slipped lower from fresh six year highs at 121.41, outlook still strongly bullish.
Risk-on sentiment in the Asian markets weighs on the safe-haven US dollar, dragging the pair lower.
That said, China's covid lockdowns along with Ukraine woes and Fed's hawkishness could cushion downside in the pair.
Momentum is strongly bullish. Stochs and RSI are sharply higher. MACD and ADX support gains.
The pair is on track to form 'Three White Soldiers' candlestick pattern on the weekly charts, raising scope for further upside.
Major Support Levels:
S1: 119.80 (5-DMA)
S2: 119
S3: 118.68 (200H MA)
Major Resistance Levels:
R1: 121.48 (2016 High)
R2: 122
R3: 123
Summary: USD/JPY trades with a strong bullish bias. Scope for test of 122 levels. Retrace below 200H MA could drag the pair lower.
