Intraday trend – Bullish
Major intraday resistance – 126.50
The pair recovered after taking support near 55-4H EMA. The weakness in the Japanese yen is due to a surge in US treasury yield. USDJPY hits five years high and holds above 115.50. A jump till 117/117.80 is possible. The USDCHF showed a minor pullback after hitting a low of 0.91020. CHJPY hits a high of 126.16 and is currently trading around 126.114.
The near-term resistance is around 126.50, any breach above targets 127/127.55. The minor support to be watched is 125.70; the violation below will drag the pair down to 125/123.80
Indicators (4-hour chart)
Directional movement index – Bullish
CCI (50) - Bullish
It is good to buy on dips around 125.50 with SL around 124.75 for a TP of 127.


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



