- 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


FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro- Major European Indices
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major US Indices
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Woodies Pivot(Major)
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary 



