- FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June.
- USD/JPY spiked all the way to hit session highs at 110.26 as the dollar edged higher across the board post FOMC.
- Our call (http://www.econotimes.com/FxWirePro-USD-JPY-holds-above-5-DMA-stay-long-209028) has hit all targets.
- The pair finds stiff resistance at the 110.50-60 zone, which is a combination of 55-EMA (110.51), major trendline (110.50) and cloud base (110.57).
- Upside pressure on the yen remains on the back of upbeat Japanese Q1 GDP which took immediate pressure off the BOJ to add stimulus.
- Technical indicators on weekly charts support upside in the pair. Break above 110.60 will see gains upto 111.80.
Recommendation: Go long on break above 110.60, SL: 110, TP: 111/111.80


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major) 



