- 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


NZDJPY Bulls Eye 95: Why Buying the Dip is the Strategic Play
FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level
AUDJPY Bounces Back: Strategic Buy at 107 Targets 110
FxWirePro: USD/CAD claws back some ground, but downtrend remains intact
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD eases from 3-year high , bias bullish
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support
FxWirePro: NZD/USD pulls back from 6-month high
EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight
FxWirePro- Woodies Pivot(Major)
AUDJPY Powers Up: Bullish Bias Holds Above 107 – Eyes 110 on Breakout
FxWirePro: AUD/USD eases slightly but trend is still bullish
FxWirePro: EUR/AUD falls below 1.7000, bears keep the advantage
FxWirePro: EUR/ NZD heads deeper into bear territory, 23.6% fib eyed
FxWirePro: USD/JPY gains some ground but bearish outlook persists
FxWirePro: USD/ZAR gains mild momentum, trend remains bearish
FxWirePro- Major Crypto levels and bias summary 



