- Cloud top at 78.16 is strong resistance for the pair. Further upside can be seen on breaks above.
- Technical indicators on daily charts support further upside. Break above 78.16 could see test of 78.80 and then 79 levels.
- But downside could see test on 76.88 levels, Stochs and RSI on 4H charts are indicative of some correction lower.
- Doji formation evidenced at cloud top resistance, 4hourly charts show a bearish 5DMA cross over on 10-DMA, momentum has turned bearish.
- Immediate resistance is located at 77.67 (4H 5 SMA), while support is seen at 77.30 (Mar 31st lows).
Recommendation: Sell rallies around 77.70, SL: 78.30, TP: 77/76.90/76.50


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



