FxWirePro- Major European Indices 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro- Major Pair levels and bias summary 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
USD/JPY dropped towards 120.37 levels during early American hours due to trading volumes in the US market remaining low due to holiday season. Currently the pair is approaching 120.00 psychological levels. 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 sooner or later once the major markets open in full swing.
- Immediate support can be seen at 120.23, a break below this level will expose the pair towards next support level located at 120.00.
- Major resistance can be seen at 120.63, a break above this level will open the gates towards 121 levels.
Recommendation: Go long around 119.80, targets 120.50, 121.00, SL 119.50.
Resistance Levels
R1: 120.42 (38.2% Retracement Level)
R2: 120.63 (Daily high)
R3: 120.85 (23.6% Retracement Level)
Support Levels
S1: 120.23 (Dec 24th lows)
S2: 120.00 (Psychological levels)
S3:119.73 (61.8% Retracement Level)
