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CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

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FxWirePro:GBP/NZD steadies above 1.9700, retains bid tone

Monday, December 27, 2021 11:40 PM UTC

• GBP/ NZD rose on Monday as diminished Omicron angst boosted sterling.

• GBP/ NZD rose from daily low,a close above (23.6%fib)is likely trigger a new bullish phase with potential for 1.9800.

• Technical signals are bullish as RSI is at 64, 9,11, 21 DMAs are trending up.

• Immediate resistance is located at 1.9734(Higher BB), any close above will push the pair towards 1.9785 (23.6%fib).

• Immediate support is seen at 1.9634 (38.2%fib) and break below could take the pair towards 1.9507 50%fib).

Recommendation: Good to buy 1.9680, with stop loss of 1.9600 and target price of 1.9780

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FxWirePro:GBP/NZD steadies above 1.9700, retains bid tone

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