EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major Pair levels and bias summary 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Woodies Pivot(Major) 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
Ichimoku Analysis (Weekly chart)
Tenken-Sen- $1918
Kijun-Sen- $1824.50
Gold prices showed a minor sell-off after mixed US payroll data. The economy has added 236000 jobs in March, compared to expectations of 228000. The unemployment rate dropped to 3.5% from 3.6% in February. It hits a low of $1988 and is currently trading around $1991.77.
Major economic data for the Week
Apr 12th, 2023 US CPI (12:30 pm GMT).
BOC monetary policy report (2:00 pm)
FOMC Meeting Minutes (2:00 pm)
Apr 13th, 2023 US PPI (12:30 pm GMT)
Apr 14th, 2023 Core retail sales m/m
Prelim UoM consumer sentiment
US dollar index-Bearish. Minor support around 101.40/101. The near-term resistance is 102.30/102.80/103.35.
According to the CME Fed watch tool, the probability of a no-rate hike in May increased to 34% from 28.8% a day ago.
The US 10-year yield showed a minor pullback after hitting the lowest level since Sep 12, 2022. The US 10 and 2-year spread narrowed to -57.9% from -108%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- bearish (negative for gold)
Technical:
The near–term support is around $1977, a break below targets of $1969/$1955/$1936.The yellow metal faces minor resistance around $2000, and a breach above will take it to the next level of $2020/$2035.
It is good to buy on dips around $1975 with SL around $1955 for TP of $2040/$2070.
