- EUR/JPY has shown a breakout above weekly Ichimoku cloud, we see scope for further upside.
- Technical studies support upside. Momentum studies are bullish. RSI strength seen at 65 levels with room to run further.
- MACD is biased higher, supporting trend higher. We see +ve DMI dominance and ADX also supports current uptrend.
- We see scope for test of 141 levels which is converged trendline and 61.8% Fib retrace of 169.968 to 94.114 fall.
- Breakout at 141 could propel the pair higher. Next bull target above 140 lies at 145.32 (2015 highs).
Support levels - 135.35 (20-DMA), 134 (trendline), 133.55 (100-DMA)
Resistance levels - 139 (Aug 2015 high), 140, 141 (converged trendline and 61.8% Fib retrace of 169.968 to 94.114 fall)
Recommendation: Good to go long on dips around 136, SL: 134, TP: 139/ 141/ 145.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 



