FxWirePro: AUD/USD slips below 0.74 handle, Aussie depressed amid disappointing Chinese macro data and strong USD
FxWirePro- Trade GBPJPY using Woodies CCI
Major Intraday resistance -150.20
Intraday support- 149.50
GBPJPY has formed a double bottom around 149.17 and shown a nice pullback. It hits an intraday high of 150.11 and is currently trading around 150.05. The intraday trend of GBPJPY is bullish as long as resistance 149.15 holds.
The pair is still trading below 110 levels on risk aversion. The overall trend is bearish as long as resistance 110.80 holds.
Both CCI (50) and Woodies CCI is above the zero lines. In Woodies CCI six consecutive bars above zero confirms intraday bullishness.
The pair's immediate resistance is around 150.20, any surge above targets 150.80/151.30/152/152.85/153.50. Significant bullish continuation if it breaks 153.50. On the lower side, near-term support is around 149.80. Any indicative violation below targets 149.40/149.15/149.
Indicator (1-Hour chart)
Directional movement index –Neutral
It is good to buy on dips around 149.95-150 with SL around 149.40 for a TP of 150.80.