GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217 
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AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115 
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve 
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target 
FxWirePro- Major Pair levels and bias summary 
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish 
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD range bound ahead of RBA policy decision 
- 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
