EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 
FxWirePro: USD/CNY edges higher, outlook bearish 
FxWirePro: GBP/NZD downside pressure builds, key support level in focus 
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level 
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate 
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile 
FxWirePro: GBP/NZD downtrend extends, remains on bearish path 
FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD grinds higher amid risk appetite revival 
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge 
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure 
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk 
FxWirePro: NZD/USD turns lower as USD regains footing 
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2 
- GBP/JPY is consolidating in narrow range between 151.60 and 152.59 for past three trading days. The yen was trading weak against all majors from Friday on account of easing geo political tensions and rising US bond yield. Pound sterling was continuing its weakness from previous week on account of weak UK economic data and dovish comments from BOE’s Governor Carney. Market eyes UK prelim GDP data to be released tommorrow for further direction.
- The pair hits low of 152.08 yesterday and shown minor recovery till152.59. It is currently trading around 152.23.
- The major resistance is around 153 and any convincing break above targets 153.85. Any minor bullish continuation only above 153.85.
- On the lower side, near term support is around 151.60 (50% fibo) and any close below will drag the pair till 151.09/150.
It is good to buy on dips around 151.65-70 with SL around 151 for the TP of 153/153.85.
