FxWirePro- Major Pair levels and bias summary 
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95 
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought 
GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183" 
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
FxWirePro: GBP/USD hits one-month high, scope for further upside 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets 
FxWirePro:EUR/NZD extends fall, key support lies ahead 
FxWirePro: EUR/AUD bears maintain upper hand 
Sterling’s Ascent: GBP/JPY Breaks 212 as Yen Weakness Intensifies
With board-based yen selling, GBPJPY rose over 212. Having reached an intraday high of 212.34, it is presently trading around 212.13.
|
Technicals |
CMP -212.23 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
211.46 |
CMP> value |
Bullish |
|
200- EMA |
210.71 |
CMP > value |
Bullish |
|
365- EMA |
210.52 |
CMP > value |
Bullish |
Major support- 211.50/211/210.70/210/209.48/208. Major resistance - 212.40/213.15/214
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
115.14 |
|
ADX |
Bullish |
Strength rose form 28.50 to 30.21 |
It is good to buy on dips around 211.58-60 with SL around 210.50 for a TP of 214.
