FxWirePro- Major Pair levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Woodies Pivot(Major) 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
On daily plotting, CADJPY forms shooting star, hanging man & bearish engulfing candlestick patterns have occurred at 85.904, 85.723 and 85.473 levels that plummet prices below DMAs.
The stiff resistance zone is observed at 85.720 & 85.270 levels (i.e. 7DMA), for now, more slumps likely on bearish MACD crossovers that has taken off slumps below 7 and 21 DMAs.
Both momentum oscillators (RSI & Stochastic curves) show downward convergence that indicates the strength in the downswings and the intensified bearish momentum. While the trend indicator (MACD) signals downswings to prolong further.
On a broader perspective, the major downtrend has gone in consolidation phase since December 2015 (refer monthly plotting for range-bounded trend). Shooting star pattern has occurred at 83.969 levels hampers previous bullish momentum on this timeframe.
Trade tips: Well, on trading perspective, at spot reference: 84.550 levels, it is advisable to buy tunnel spreads using upper strikes at 84.9572 and lower strikes at 84.218 levels, the strategy is likely to fetch leveraged yields as long as underlying spot FX keeps dipping but remains above lower strikes on expiry duration.
Alternatively, on hedging grounds, we advocate shorting futures contracts of mid-month tenors as the underlying spot FX likely to target southwards 83.500 levels in the near terms.
Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position.
Currency Strength Index: FxWirePro's hourly CAD spot index is inching towards -114 levels (which is bearish), while hourly JPY spot index was at 17 (neutral) while articulating (at 06:07 GMT). For more details on the index, please refer below weblink:
