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EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction 
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 
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FxWirePro: USD/CNY falls to three-year high, scope for further downside 
- RBA more cautious about talking down the AUD which partly disaapointed Aussie bears.
- Governor Steven’s comments had only a limited impact on the Aussie which has continued to strengthen taking AUD/JPY to session highs at 85.87.
- The pair has on Tuesday broken above minor trendline resistance at 85.40, but is struggling to extend gains on the day, Doji formation seen in the Asian session.
- Strong resistance for the pair is seen at 85.87 (Mar 17th high), breaks above can see upside till 86.35 levels.
- Weekly charts show bullish momentum for the pair, daily cloud offers strong support on the downside, weakness to resume only on breaks below cloud top at 84.15.
Recommendation: Good to buy dips around 85.50, SL: 85, TP: 85.87/86.15/86.35
