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FxWirePro- Major Pair levels and bias summary 
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure 
- USD/JPY fails to extend bullish gap open, slips lower from session highs at 110.73 to trade 0.15% lower at 110.47.
- Upside in the pair was capped at major trendline resistance at 110.90 on Friday's trade.
- Further we evidence a Doji formation at highs which raises scope for weakness in the pair.
- Stochs are in overbought territory which is a cause for caution, some pullback possible.
- 200-DMA at 110.21 is major support on the downside. Break below will see extension of downside.
- Scope then for test of daily cloud at 108.83. Violation there could see further downside.
- On the upside, the pair needs to break above major trendline resistance at 110.90 for further upside.
Support levels - 110.21 (200-DMA), 110
Resistance levels - 110.90 (trendline), 111
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 32.1995 (Neutral), while Hourly JPY Spot Index was at 89.4942 (Neutral) at 0415 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
