Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
FxWirePro- Major European Indices 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD retreats slightly but trend is still bullish 
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro: USD/JPY holding bid into weekend 
FxWirePro: USD/CAD extends decline on broad dollar weakness 
- GBP/JPY is continuing its weakness and has declined more than 100 pips yesterday due to strong yen. US trump tweet regarding US –China trade negotiations has strengthened yen on account of rising geo political tensions. GBP was trading weak against all majors after Dovish comment for m BOE Governor Carney yesterday. USD/JPY declined more than 100 pips from the high of 111.39 on account of renewed geo political tensions. But GBP was trading weak against all majors especially with USD. Cable declined sharply almost 100 pips yesterday after showing a minor jump till 1.34915. Markets eyes UK CPI report for further direction. GBPJPY hits low of 147.86 and is currently trading around 147.59.
- The pair is facing strong resistance at 150 and any convincing break above 150 will take the pair to next level till 150.64 (100- day MA)/151/152.80.The minor resistance is around 147.82.
- On the lower side, near term major support is around 149 and any convincing break below will drag the pair to next level till 148/147.
It is good to sell on rallies around 148.35-40 with SL around 149 for the TP of 147.
