- EUR/JPY broke consolidation and rallied higher on hawkish ECB headlines.
- Markets cheered the Bloomberg report, citing sources that some ECB members see a rate hike at the end of 2019 as 'too late.
- The pair spiked past daily cloud and 5-DMA at 129.08 to hit session highs at 129.51, bias higher.
- Technical indicators on intraday charts are turning bullish. Stochs and RSI are biased higher.
- The pair is testing key resistance at 55-EMA at 129.35, break above targets 110-EMA at 130.26.
- Price action has found strong support at 21-EMA at 128.65, we see weakness only on break below.
Support levels - 129.08 (5-DMA), 128.48 (cloud base), 128
Resistance levels - 129.54 (38.2% Fib), 130, 130.26 (110-EMA)
Recommendation: Good to go long on dips around 129.10/20, SL: 128.60, TP: 129.55/ 130/ 130.25
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 5.57717 (Neutral), while Hourly JPY Spot Index was at -61.9468 (Neutral) at 0800 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro- Major Pair levels and bias summary
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD gains upside momentum but still bearish
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: USD/CAD eases slightly but trend is still bullish
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next? 



