- FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June.
- USD/JPY spiked all the way to hit session highs at 110.26 as the dollar edged higher across the board post FOMC.
- Our call (http://www.econotimes.com/FxWirePro-USD-JPY-holds-above-5-DMA-stay-long-209028) has hit all targets.
- The pair finds stiff resistance at the 110.50-60 zone, which is a combination of 55-EMA (110.51), major trendline (110.50) and cloud base (110.57).
- Upside pressure on the yen remains on the back of upbeat Japanese Q1 GDP which took immediate pressure off the BOJ to add stimulus.
- Technical indicators on weekly charts support upside in the pair. Break above 110.60 will see gains upto 111.80.
Recommendation: Go long on break above 110.60, SL: 110, TP: 111/111.80


FxWirePro- Woodies Pivot(Major)
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major European Indices
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Woodies Pivot(Major)
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro- Major Pair levels and bias summary
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 



