FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro- Major Pair levels and bias summary 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
USD/JPY chart on Trading View used for analysis
- Receding Italian debt fears after reports that Italy will cut its budget deficit at a faster pace than expected denting demand for the yen, pushing the pair higher.
- USD/JPY extends gradual grind higher, but is struggling to extend gains beyond 114 handle.
- The pair is extending gains for the 4th straight week. Technical studies are highly bullish.
- Price action has broken major resistance at 200W-SMA, we see scope for further gains.
- Next major bull target lies at 115.30 (trendline resistance). Further bullishness only on break above.
- 5-DMA is immediate support at 113.67, while major support lies at 111.08 (100-DMA).
- ADP report on private sector employment, followed by the ISM non-manufacturing PMI will be in focus for further impetus.
Support levels - 113.67 (5-DMA), 113.17 (200W SMA), 112.62 (21-EMA)
Resistance levels - 114, 114.74 (Nov 6 2017 high), 115, 115.30 (trendline)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-USD-JPY-hits-11-month-highs-at-11396-positive-momentum-to-continue-11530-in-sight-1436201) has hit TP1.
Recommendation: Watch out for break above 114 handle for further upside.
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 129.069 (Bullish), while Hourly JPY Spot Index was at 43.1003 (Neutral) at 1115 GMT.
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
