USD/JPY is unable to extend gains above 200-DMA at 121.47 which is strong resistance on the upside.
- The pair is trading by day's lows at 120.53, any further bullishness could be seen only if pair breaks above 200-DMA.
- For now, bears seem to rule the day, downside has accelerated after the RBA policy decision to stay on hold.
- Techs indicate further downside, RSI is biased lower, we see a bearish Stochs crossover at overbought levels, a rollover below 80 levels would further confirm downside.
- Immediate support on the downside is seen at 120.03 (5-DMA), while on the upside resistance lies at 121.03 (session highs) ahead of 121.47 (200-DMA).
Recommendation: We find it good to sell rallies around 120.70, SL: 121.50, TP: 120/119.75/119.60


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro : EUR/NZD slips lower after soft US jobs report
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data 



