- USD/JPY has made a high of 120.38 yesterday and retreated till 118.43 today in Asian session.It is currently trading at 119.14. Overall trend is bullish as long as support 118 holds.
- The pair has made a dead cat bounce yesterday after PBOC cuts interest rates by 50 bpbs and with additional cuts for individual sectors.But It is still struggling to hold above 120 level.
- Any further weakness can be seen only below 118 level. Any break below 118 will drag the pair further down till 117/116 in short term.
- The pair is facing short term resistance around and any indicative break above would extend gains till 121/121.60.
It is good to buy at dips around 118.50 with SL around 117.90 for the TP of 120/120.40


EURJPY Plunges Below 184 Amidst Yen Strength: Bearish Outlook Persists
FxWirePro: USD/ZAR slips as weak U.S. Jobs data weighs on dollar
GBPJPY at Resistance: Sell Rallies Near 215.18 as Downtrend Beckons
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
NZDJPY Poised for Downtrend as Resistance Holds Firm
FxWirePro: USD/CAD slips on softer US payrolls but near-term direction hinges on 1.4154 support
ETHUSD Forms Double Bottom at $1500, Signaling Potential Bullish Reversal
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges
Gold Surges Above $4100 on Weak US Jobs Data; Bullish Momentum Builds
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: AUD/USD rallies as traders scale back Fed rate hike bets 



