- The unexpected PBOC's decision to depreciate its currency has pushed GBP/CNY to 10-month high at 9.8763 levels. It currently trades at 9.8398 levels.
- 7 EMA and 20 DMA crossover suggests further positive move for the pair.
- It sees immediate resistance at 9.8614 (200 DMA) and a sustainable break above could see the pair rising to 9.8861 levels (June 18 high).
- On the flipside, support is eyed at 9.8069 (Jun 24 high) and a break below could drag it to 9.7263 (Jul 23 high).
Resistance Levels:
R1: 9.8614 (200 DMA)
R2: 9.8861 (June 18 high)
Support Levels:
S1: 9.8069 (Jun 24 high)
S2: 9.7263 (Jul 23 high)


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
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/CNY neutral in the near-term, scope for downward resumption
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



