- USD/JPY has hit fresh 6-month highs at 113.13 before paring some of the gains to currently trade at 112.96 levels.
- The greenback was buoyed across the board after Powell's optimistic testimony.
- Fed Chairman Jerome Powell reiterated that the Fed would continue to gradually raise the fed funds rate in compliance with their mandate to reach maximum employment and 2% inflation.
- Powell's comments, during the semiannual congressional testimony also suggested that lingering trade tensions will not prevent the Fed from raising interest rates.
- The pair has given up some of the gains as markets await US housing market data ahead of Powell's second round of testimony before the House Financial Services Committee.
- Technical indicators support upside. Momentum studies are bullish.
- Price finds immediate strong resistance at 200W SMA at 113.24. Break above targets 78.6% Fib at 115.65.
Support levels - 112.60 (5-DMA), 111.90 (trendline), 111.33 (21-EMA)
Resistance levels - 113.24 (200W SMA), 113.58 (88.6% Fib), 114
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 83.9716 (Bullish), while Hourly JPY Spot Index was at 0.498775 (Neutral) at 1145 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro- Woodies pivot (Major)
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: NZD/USD turns lower as USD regains footing
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro- Major Crypto levels and bias summary
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00 



