- Nikkei Japanese manufacturing PMI reading combined with poor domestic exports/imports data helped USD/JPY hit session highs at 110.23.
- Japan all industry activity index (mom) registered at 0.1%, below expectations (0.7%) in march.
- But the major unable to hold gains, slips below the 110 handle to currently trade around 109.92.
- 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).
- 23.6% Fib of June 2015 to May 2016 fall also lies at 110.34.
- Technical indicators on weekly charts support upside in the pair. Break above 110.60 will see gains upto 111.80.
- 5-DMA at 109.85 is immediate support on the downside ahead of 10-DMA at 109.35, breaks below can see weakness upto 108.80 levels.
- Durable goods and GDP figures from the US, Japanese CPI data and Fed Chair Yellen’s comments to be in focus this week.
Recommendation: Sell rallies around 110 levels, SL: 110.60, TP: 109.30/109.15/108.95/108.80


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD steadies ahead of ECB meeting
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies Pivot(Major) 



