Major support- 108.60
USDJPY is trading in a narrow range between 109.48 and 108.87 for the past 4 days. The pair was trading higher in the previous week on US-China trade optimism. Markets eye trade deal progress in the coming days for further direction. The overall trend is bullish as long as support 108 holds. Any minor movement can happen only after US CPI and Fed Powell testimony. It hits an intraday high of 109.09 and is currently trading around 108.90.
US 10-year yield is consolidating after hitting a high of 1.97%. The yield has jumped more than 15% this month and is currently trading at 1.94%.
The near-term major resistance is around 109.50, any violation above confirms trend continuation, a jump till 110/110.60.
On the flip side, support stands at 108.60 and the break below will drag the pair down till 108. Any daily close below 108 (50- day MA) targets 106.80.
It is good to buy on dips around 108.60 with SL around 108 for the TP of 110/110.60


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Pair levels and bias summary 



