FxWirePro- Major Pair levels and bias summary 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets 
FxWirePro: GBP/USD hits one-month high, scope for further upside 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 
The GBPJPY pair rose over 200 pips from a modest bottom of 207.23 as the yen weakened as a result of Japan's fiscal health still being a big worry, given its enormous public debt, 229% of GDP. It is presently trading around 209.12 and has hit an intraday high of 209.54.
|
Technicals |
CMP -209.12 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
208.72 |
CMP > value |
Bullish |
|
200- EMA |
209.53 |
CMP < value |
Bearish |
|
365- EMA |
210.32 |
CMP < value |
Bearish |
Major support- 208.50/208/207.50/206.75/205. Major resistance - 210/210.35/211
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
127.76 |
|
ADX |
Bullish |
Strength jumped from 23.35 to 25.56 |
It is good to sell on rallies around 209.48-50 with SL around 210.35 for a TP of 207.
