The USD/JPY pair initially slipped towards lower levels during European session, however the pair after finding strong support at 112.22 rebounded strongly and is moving towards higher side.
- Currently the pair is making an attempt to rebound back towards 113.00 levels as the dollar bulls have regained strength ahead of tomorrow's ECB meeting.
- Further downside is expected to be limited as the support level at 112.21 is set to hold the bears from falling further below and push the pair towards higher levels in the short term.
- Strong support can be seen at 112.00, a break below this level will expose the pair towards 111.50 levels.
- Major resistance can be seen at 113.62, a break above this level will open the gates towards 114.00 levels.
Resistance Levels
R1: 113.15 (Daily high)
R2: 113.62 (23.6% Retracement Level)
R3: 114.26 (March 4th high)
Support Levels
S1: 112.21(50% Retracement Level)
S2: 112.00(61.8 % Retracement Level)
S3: 111.00 (Feb 24th lows)


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



