- RES 4: 122.30
- RES 3: 121.75 (28th aug high)
- RES 2:121.30 ( SEP 10TH HIGH)
- RES 1: 120.30 (7 day 4 H EMA)
PRICE: 120.08 @11:48 GMT
- SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72)
- SUP 2: 119.20 (Sep 24th 2015)
- SUP 3: 118.80 (Aug 9th low)
- SUP 4: 118.50 (Sep 4th 2015)
USD/JPY has made a high of 120.55 and declined till 119.76 today morning after BOJ kept its monetary policy unchanged. It is currently trading at 120.13 Overall trend is still bullish as long as support 119.60 holds.
The central bank kept its pledge to increase base money at an annual pace of 80 trillion yen ($666 billion) through aggressive asset purchases.
Overall bullish invalidation only below 118.60
Any break below 119.60 will drag the pair further down till 119.20/118.60. The pair's minor support is around 119.95.
The minor resistance is around 120.60 and any indicative break above will take the pair till 121.25 in short term.
It is good to buy at dips around 119.95-120 with SL around 119.50 for the TP of 120.74/121.25.


FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro- Major European Indices
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro: USD/CAD downside pressure builds, key support level in focus
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: USD/JPY dips below lower range, bearish bias increases
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro- Major European Indices 



