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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
The pair gained after a minor pullback to 0.9540 on board-based US dollar buying. The surge in inflation and hawkish comments from fed chairman Powell support the US dollar. According to the Fed watch tool, the probability for a 50 bpbs rate hike in May has increased to 97.6% from 89.3% a week ago. USDCHF hits an intraday high of 0.95995 and is currently trading around 0.95975.
Markets eye US Durable goods orders for further direction.
Bullish scenario-
The primary level to Watch – is 0.96000. Any convincing surge above confirms intraday bullishness. A jump to 0.9660/0.97000 is possible.
Bearish scenario-
Intraday support – 0.9520 (resistance turned into support). Break below that level will take the pair to 0.9460/0.9430/0.9380.
Indicators (Daily chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 0.9565-68 with SL around 0.9520 for a TP of 0.97000.
