FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
Chart and candlestick pattern formed- As stated earlier in our post, RSI's bearish divergence evidence slumps as shooting star hampered rallies, bulls countered, upswings spike above DMA, testing support at 7DMA on daily terms, and consolidation phase breaches 61.8% Fibonacci retracements, bulls shrug off shooting stars appearances at the stiff resistance one on monthly plotting.
The major supports are observed at 134.8094, 134.7672 and 134.475 levels, we don’t think that the bears will be able to break below these levels in this week’s trading sessions because both the trend and momentum indicators have still been favorable to the bullish side.
Momentum study: Momentum oscillators on both timeframes have been converging upwards, and this upward convergence signals strength and intensified momentum even in the overbought territory.
In short run, as both leading oscillators (RSI signaled bearish divergence & stochastic curves show %k crossover) are now decisively indicating for further buying sentiments. While same has been the case in monthly terms.
Trend indicators: The lagging indicators are also in bulls' favor. MACD on monthly terms has been showing bullish crossover to indicate upswings to prolong further. This has been substantiated by bullish EMA crossover.
Trade tips: Well, on trading perspective, it is advisable to buy boundary binaries using upper strikes at 136.401 and lower strikes at 135.497 levels, the strategy is likely to fetch leveraged yields as long as underlying spot FX remains between these two strikes before the binary expiry duration.
Currency Strength Index: FxWirePro's hourly EUR spot index is flashing at 138 levels (which is bullish), while hourly JPY spot index was at -18 (mildly bearish) while articulating at 05:35 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit:
