Pair is well supported above 117.00 marks. It made intraday high at 118.24 and low at 117.33 levels.
- A break of 117.05 is necessary to confirm the bearish trend and below this major support falls at 117.85 levels.
- On the top side, a daily close above 118.31 levels is required to confirm the trend reversal.
- Initial support levels are seen at 116.59, 117.85 and 113.59 thereafter.
- On the top side, resistance levels are seen at 118.31, 119.59 and 121.31 levels.
We prefer to take short position in USD/JPY around 117.75, stop loss 118.31 and target 115.65 levels.


FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro- Major Pair levels and bias summary
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro:NZD/USD continues to recovers , upside pressure builds
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro -Major European Indices
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro- Major Crypto levels and bias summary 



