- USD/JPY bounces-off 113, but 5-DMA at 113.52 weighs on the upside.
- Recovery in the pair lost steam, USD/JPY slipped from session highs to currently trade at 113.34.
- Japan PM Adviser Honda’s jawboning the currency continues to weigh on the Japanese yen.
- Broad-based US dollar weakness overweighs, Trump headlines will continue to drive the broader market sentiment.
- On the 4 hourly charts, the pair trades a downward channel.
- Stiff resistance is seen at 4H 50-SMA at 113.81, break above could see some strength intraday.
- Currently, the pair is struggling at nearly converged 4H 5&20 SMA at 113.40.
- We see scope for downside, next immediate support lies at 112.52 (Jan 24 low).
- Support levels - 113, 112.52 (Jan 24 low), 112, 111.35 (Nov 28 low)
- Resistance levels - 113.53 (5-DMA), 113.80 (4H 50-SMA), 114, 114.42 (Jan 23 high)
Recommendation: Good to sell rallies around 113.45/50, SL: 114.35, TP: 113/ 112.52/ 112


EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro- Major Pair levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/ZAR 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
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone 



