NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
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FxWirePro- Major European Indices 
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UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
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FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
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- Nikkei has declined slightly from the high mad e yesterday on slight improving yen . The pair dipped till 2034 after hitting high of 20444 yesterday and is trading around 20326 0.08% higher.
- USD/JPY has declined slightly after forming a minor top around 112.71. The near term support is around 111.11 (100- day MA) and any convincing break below will take the pair to next level till 110/108. It is currently trading around 112.23. Short term support is around 107.30 and any break below targets 106.
- On the lower side, index major support is around 20135 (10- day MA) and any break below will drag the index down till 20000/19840 (100- day MA)/ 19780 (20- day MA)/19425 (61.8% retracement of 19144 and 19899).
- The near term resistance is around 20500 and break above will take the index to 20905/21000.
It is good to sell on rallies around 20350 with SL around 20500 for the TP of 20005.
