AUDJPY Trapped in Narrow Range: Bearish Technicals Suggest Downside Risk 
FxWirePro: USD/ZAR retreats slightly but trend is still bullish 
FxWirePro: USD/JPY advances as intervention fears fail to lift Yen 
FxWirePro: NZD/USD snaps eight-day losing streak 
GBPJPY Surges Past Trendline Resistance, Signaling Bullish Momentum 
FxWirePro: AUD/USD holds narrow range, focus on near-term support 
FxWirePro: AUD/USD slips to hit three-month low,scope for further downside 
FxWirePro: NZD/USD holds narrow range, scope for downward resumption 
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6700 
FxWirePro: USD/CAD loses momentum but bullish setup remains 
NZDJPY: Bearish Outlook Persists as 92 Resistance Holds Firm 
FxWirePro: GBP/USD recovers some ground but bearish outlook persist 
FxWirePro: GBP/NZD remains bullish as rally continues 
FxWirePro- Major Pair levels and bias summary 
• USD/ZAR slipped lower on Thursday after the central bank raised interest rates and April producer inflation accelerated sharply.
· The South African Reserve Bank raised its policy rate by 25 basis points to 7%, marking its first rate hike in three years.
· The move makes South Africa one of the few emerging markets to tighten monetary policy during the Iran war.
· The central bank said the hike was needed to steer inflation back to target after a sharp rise in April..
· Data on Thursday showed producer inflation accelerated sharply to 4.8% year-on-year in April from 2.3% in March.
• Immediate resistance is located at 16.490 (50%fib), any close above will push the pair towards 16.809(61.8%fib).
• Strong support is seen at 16.193(38.2%fib) and break below could take the pair towards 16.124(LowerBB).
Recommendation: Good to sell around 16.250 with stop loss of 16.550 and target price of 16.000
