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AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
• EUR/NZD eased on Monday as the pair’s recovery was dented by weaker Euro zone industrial production.
• Data showed industrial production in the 20 countries sharing the euro fell by 4.1% month-on-month in March.
• Technical signals show the pair could lose more ground as RSI is at 45 bearish, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.7542 (38.2%fib), any close above will push the pair towards 1.7606(30DMA).
• Immediate support is seen at 1.7383 (50%fib) and break below could take the pair towards 1.7319 (May 12th low).
Recommendation: Good to sell round 1.7450, with stop loss of 1.7570 and target price of 1.7300
