- EUR/JPY is struggling to break above weekly 200-SMA currently at 130.55. We see upside only on decisive close above.
- The pair is extending consolidation after breaking channel top, bias remains higher.
- The pair is currently hover around 129.89 levels, 20-DMA at 129.93 is stiff resistance.
- If the pair sustains break above 130.55 on a weekly close will see news highs for the pair.
- MACD supports trend higher. RSI and Stochs are at overbought levels, but bias still higher.
- Break above weekly 200-SMA raises scope for test of 61.8% Fib retrace of 149.78 to 109.205 fall at 134.28.
Support levels - 129.26 (5-DMA), 129, 128..03 (50-DMA)
Resistance levels - 130.40 (Aug 2 highs), 130.55 (weekly 200-SMA), 132.02 (Feb 2016 high), 132.28 (Jan 2016 high)
Recommendation: Watch out for decisive close above weekly 200-SMA at 130.55 to go long.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 



