- NZD/JPY edges higher from session lows at 77.28, bias remains bullish.
- The pair struggles to break strong resistance at 100-DMA, further upside only on decisive break above.
- Technical indicators support upside in the pair. Momentum studies are bullish. RSI above 50 and biased higher.
- Break above 100-DMA could see test of 78.30 (major trendline resistance) ahead of 200-DMA at 78.45 and then 78.89 (61.8% Fib).
- On the flipside, the pair finds strong support at 50-DMA at 77.04. Retrace below could see weakness till 21-EMA at 76.61. Breach at 21-EMA negates bullish bias.
Support levels - 77.23 (38.2% Fib), 77.14 (5-DMA), 77.04 (50-DMA), 76.61 (21-EMA)
Resistance levels - 77.67 (100-DMA), 78, 78.30 (trendline), 78.45 (200-DMA)
Recommendation: Good to go long on break above 100-DMA, SL: 77, TP: 78/ 78.30/ 78.89
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD advances on steady UK GDP growth
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



