Sell the Bounce Alert: ETH ~$1,976 with Bearish EMAs — Asian Wrap Confirms No Rebound, $1,500 in Play 
FxWirePro- Major Pair levels and bias summary 
Bitcoin Downtrend Firm: Narrow Consolidation ~$68,710 After Asian Session Ends Weak, No Rebound 
FxWirePro- Woodies Pivot(Major) 
USDCHF Bears Eye Deeper Slide: Sell Rallies as Cooling US Inflation Fuels Franc Strength 
FxWirePro- Major European Indices 
AUDJPY Bears Regroup: Sell Rallies as Trendline Bounce Fades 
FxWirePro : GBP/NZD hovers around 2.2575 downtrend looks likely to resume 
NZDJPY Bears Reload: Sell the Rally as Pullback Stalls Near Key Resistance 
EURJPY Bears Hold the Line: Sell Rallies Below 183 as Trendline Support Tested 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/AUD neutral in the near term, scope for further downside 
GBPJPY 150-Pip Reversal Alert: Fib Fakeout Rejected — Bulls Strong, But Fade the Bounce 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD inches higher, set to stay on back foot 
The GBPJPY pair rose over 200 pips from a modest bottom of 207.23 as the yen weakened as a result of Japan's fiscal health still being a big worry, given its enormous public debt, 229% of GDP. It is presently trading around 209.12 and has hit an intraday high of 209.54.
|
Technicals |
CMP -209.12 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
208.72 |
CMP > value |
Bullish |
|
200- EMA |
209.53 |
CMP < value |
Bearish |
|
365- EMA |
210.32 |
CMP < value |
Bearish |
Major support- 208.50/208/207.50/206.75/205. Major resistance - 210/210.35/211
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
above zero line (slightly bullish) |
127.76 |
|
ADX |
Bullish |
Strength jumped from 23.35 to 25.56 |
It is good to sell on rallies around 209.48-50 with SL around 210.35 for a TP of 207.
