GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD falls to two-day low, scope for further downside 
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside 
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97 
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700 
FxWirePro- Woodies pivot (Major) 
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast 
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
FxWirePro- Major European Indices 
Intraday trend – Bullish
Major intraday resistance – 126
The pair has cleared significant resistance 125.509 made on Nov 2nd, 2021. The weakness in the Japanese yen is due to upbeat market sentiment and a jump in US treasury yield. The USDCHF regained above 0.91500 on dollar strength is preventing the pair from further upside. CHJPY hits a high of 125.87 and is currently trading around 125.506.
The near-term resistance is around 126, any breach above targets 126.40/127/127.55. The minor support to be watched is 122.40; the violation below will drag the pair down to 122/121/120.
Indicators (4-hour chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 125 with SL around 124 for TP of 127.
