FxWirePro: USD/JPY breaks support at 112.45, good to sell rallies
Tuesday, February 23, 2016 4:02 AM UTC
- Risk-off favouring the Japanese Yen, the pair has broken support at 112.45 and edged lower.
- CFTC data shows increase in Yen longs amid global uncertainty in the markets.
- Price action holding just above 112 handle, breaks below could see test of 111.65 (Feb 12th lows) and then 110.96 (Feb 11th lows).
- 5-DMA at 112.95 is immediate resistance, bearish invalidation on breaks above.
Recommendation: Sell rallies around 112.10/25, SL: 112.95, TP: 111.65/111/110.96
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major European Indices 
