GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
USD/JPY chart - Trading View
USD/JPY is extending gains above 108 handle, trades 0.29% higher at 108.09 at 04:30 GMT.
Markets in risk-on mode after reports of a US-China trade truce which dented demand for the Yen.
Technical indicators show signs of further upside. 'Bullish Divergence' on Stochastics supports gains.
5-DMA has turned and Stochs and RSI show a bullish rollover from oversold levels. MACD shows a bullish crossover on signal line.
Price has broken stiff resistance at 110H EMA and 200H SMA and is on track to test 21-EMA at 108.25.
The focus shifts towards the US Q1 final GDP data for fresh impetus. Breakout at 21-EMA could see gains upto 55-EMA (109.25).
Support levels - 107.52 (5-DMA), 106.78 (Jun 25 low), 106.31 (78.6% Fib)
Resistance levels - 108.25 (21-EMA), 108.80 (Jun 11 high), 109.25 (55-EMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-USD-JPY-edges-higher-despite-negative-Asian-equities-break-above-110H-EMA-to-see-further-upside-1554450) is approaching TP2.
Recommendation: Book partial profits at highs, trail SL to 107.50, hold for further upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
