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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217 
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FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats 
- The Danish Krone rebounded from a 2-week trough following the release of upbeat business confidence figures.
- Denmark's manufacturing confidence indicator increased to -6 in November from -12 in the previous month, its strongest reading since August.
- USD/DKK is currently trading 0.2 percent down at 6.7822, having hit high of 6.7966 on Wednesday, its highest since November 14.
- Momentum indicators are bearish on hourly charts- RSI weak at 38.35, MACD supports downside and Stochs are biased lower.
- Immediate resistance is located at 6.7962, close above could take it till 6.8042.
- On the downside, support is seen at 6.7802, and any break below will take it till 6.7764 (7-EMA).
Recommendation: Good to buy on dips around 6.7901, with stop loss of 6.7962, and target price of 6.7764.
