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FxWirePro- Major Pair levels and bias summary 
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Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 
- USD/CNY is currently trading around 6.6468 marks.
- It made intraday high at 6.6645 and low at 6.6340 levels.
- Intraday bias remains bullish till the time pair holds immediate support at 6.6278 mark.
- A sustained close above 6.6340 marks will test key resistances at 6.6660, 6.6855, 6.7167, 6.7310, 6.7444 and 6.7676 marks respectively.
- Alternatively, a daily close below 6.6340 will drag the parity down towards key supports at 6.6278, 6.5991, 6.5758, 6.5500, 6.5340 and 6.5008 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- PBOC sets yuan mid-point at 6.6336 / dlr vs last close 6.6371.
We prefer to take long position on USD/CNY around 6.6380, stop loss 6.6250 and target of 6.6660/6.6855.
