FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
Chart pattern: USDJPY price slumps constantly remained well below DMAs despite today’s rallies. Hammer pattern has occurred at 106.272 levels that have shown mild upswings today.
Can bearish rout shrug-off hammer formation is a dubious question, both leading & lagging oscillators signal weakness (refer daily chart).
Big Bearish real body candles evidence dips below EMAs, price slumps slide below long lasting range & breaches 38.2% Fibos, both leading & lagging indicators signal weakness.
Stiff resistance zone is observed at 107.272 areas (i.e. 38.2% Fibonacci retracement), we’ve seen the strong demand zone at this juncture couple of times in the recent past which would now act as a stiff resistance.
Thereby, you could observe that the momentum in the previous bullish swings is shrinking away.
Both RSI & stochastic curves are indecisive on monthly and signaling selling pressures on minor and major terms.
While the trend indicators (7&21 DMAs) have also been indecisive but MACD signals downswings to prolong further.
Trading tips: Contemplating above technical rationale, we advocate buying boundary binary options with upper strikes at 107.011 and lower strikes at 105.557, this strategy is likely to add magnifying effects to the yields as long as the underlying spot FX remains between these two strikes on expiration. Alternatively, one can short futures contracts of mid-month tenors with a view to arresting further downside risks.
Currency Strength Index: FxWirePro's hourly USD spot index has shown 5 (which is absolutely neutral), while hourly JPY spot index was at 49 (bullish) while articulating at 06:44 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
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