- RES 4: 128.33- 161.8% projection of 115.55 to 121.80 from 118.22.
- RES 3: 125.66 - 161.8% retracement of 121.80 and 115.55
- RES 2: 124.13 - Jun 2007 High
- RES 1: 122.20 - Jan 2007 high
PRICE: 121.42 @ 8:55GMT
- SUP 1: 121(23.6% retracement of 118.22 to 122.01
- SUP 2: 120.50-60 (Mar 9th Low and 200 day HMA)
- SUP 3: 119.90
- Ø SUP 4: 119.30
COMMENTARY:
USD/JPY has taken support around 120.62(200 day H EMA) and has recovered from that level. Overall trend is bullish as long as support 120.48 (23.6% retracement of 115.55 and 122.01) holds.
On the downside minor support is around 121 and any break below will target 120.50/119.90 (200 day HMA).
The pair's minor resistance is around 122.20 and above that level it will reach 123/124.13.


FxWirePro- Major US Indices
FxWirePro- Major Pair levels and bias summary
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Major European Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: NZD/USD sustains gains as uptrend remains strong 



