AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
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FxWirePro: EUR/CAD extends fall, vulnerable to more downside 
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NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
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EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
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FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
- Gold edged lower almost $18 yesterday on Friday on account of Fed meeting to be held this week. The yellow metal hits low of $1264 and it is currently trading around $1267.
- Fed is expected to raise its federal funds target to between 1% and 1.25% from 0.75% and 1% the fourth increase since financial crisis. The US unemployment rate fell to a 16- year low of 4.3% in May and analysts expect the Fed to nudge down unemployment rate on Wednesday.
- In the 4 hours chart , gold’s near term support is around $1266 (21 EMA) and break below will drag the commodity down till $1249 (89 day EMA)/$1241 (200- MA).
- On the higher side, minor resistance is around $1274 (- 4H EMA) will take the commodity to next level till $1296/$1310.
It is good to sell on rallies around $1270 with SL around $1277 for the TP of $1256.
