EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
• GBP/AUD collapsed on Monday as the fallout from the UK economic stimulus package extended.
• GBP/ AUD recovered a good portion over the massive drop during Asian session. Market likely to remain volatile due to growing global growth uncertainty.
• The pair hit daily low at 1.5924, but recovered back , it was last down 0.02% at 1.6548.
• Technical signals are bearish as RSI is at 28, daily momentum studies 5,9,21 DMA are trending south.
• Immediate resistance is located at 1.6600 (Psychological level), any close above will push the pair towards 1.6711 (5DMA).
• Strong support is seen at 1.6491 (23.6%fib) and break below could take the pair towards 1.6400 (Psychological level).
Recommendation: Good to sell around 1.6550 with stop loss of 1.6650 and target price of 1.6400
