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GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 
- USD/CNY is currently trading around 6.6709 marks.
- It made intraday high at 6.6729 and low at 6.6675 levels.
- Intraday bias remains neutral till the time pair holds key support at 6.6680 marks.
- On the top side, a sustained close above 6.6876 mark will tests key resistances at 6.7017, 6.7583 and 6.8158 marks respectively.
- Alternatively, reversal from key resistance will drag the parity down towards key supports at 6.6680, 6.6530, 6.6448, 6.6340, 6.6110, 6.6042, 6.5930, 6.5710, 6.5510 (20D EMA), 6.5369, 6.5758, 6.4910, 6.4721 and 6.4531 levels.
- Important to note here that, 20D EMA, 30D and 55D EMA heads up, which confirms bullish trend in a daily chart.
- PBOC sets Yuan mid-point at 6.6671/ dollar vs last close 6.6747.
We prefer to take long position in USD/CNY around 6.67, stop loss 6.6610 and target 6.6876/ 6.7017.
