- A Bullish Cypher pattern completed on EUR/JPY daily charts. We see weakness only below 122 levels.
- The pair has also taken strong trendline support at 122.72 on Thursday's trade.
- Scope for upside test of 125.38 (50% Fib retrace of 128.221 to 122.539 fall) and further bullishness could see 126 levels (61.8% Fib retrace of 128.221 to 122.539 fall).
- Stochs on daily charts are at oversold levels and downside momentum on MACD is fading.
Recommendation: Good to go long at dips around 123 levels, SL: 122, TP: 124/124.70/125.30


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/AUD edges higher but bulls lack punch
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro: AUD/USD range bound ahead of RBA policy decision
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660 



