FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Woodies Pivot (Major) 
JPY Major Currency Score 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CAD neutral in the near term, scope for further upside 
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 
FxWirePro- Woodies Pivot (Major) 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro: AUD/USD firms after RBA governor Bullock comments 
Add as a preferred source on Google
USD/JPY dropped towards 120.80 levels during mid-morning American hours after home sales data printed negative reading which printed 4.76 million against forecast of 5.35 million units. Nevertheless, decline should be limited as there is scope for rebound as the pair is trading in oversold condition and dollar is set to strengthen against Japanese yen as the Fed is widely expected to hike interest rate further in 2016.
- Immediate support can be seen at 120.70, a break below this level will expose the pair towards next support level located at 120.30.
- Major resistance can be seen at 121.60, a break above this level will open the gates towards 122 levels.
Recommendation: Go long around 120.70, targets 121.20, 121.70, SL 120.00.
Resistance Levels
R1: 121.31 (December 22nd high)
R2: 121.60 (38.2% Retracement Level)
R3: 122.11 (Dec 18th high)
Support Levels
S1: 120.92 (50% Retracement Level)
S2: 120.70 (Session lows)
S3:120.30 (Dec 14th lows)
