- Abe’s confirmation that further stimulus would be in the pipeline and likely to be announced tomorrow weighs heavily on the yen.
- Selling pressure around the Japanese yen is now accelerating, USD/JPY up 1.77% on the day, currently trading at 102.35.
- Techs turn bullish, support further upside in the pair. We see scope for test of 103.75.
- Support on the downside seen at 102.04 (10-DMA), 101.33 (5-DMA) and then 100.20 (trendline).
- Bullish invalidation only on break below 100.20. Test of 98.79 then likely.
Recommendation: Good to buy dips around 102.10/20, SL: 101.33, TP: 102.80/ 103/ 103.75


FxWirePro: USD/JPY caught in narrow range, bias bearish
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro- Major European Indices
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major European Indices 



