Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.27264
Kijun-Sen- 1.27132
The pair regained after five days of a bearish trend. The main reasons for the jump are
Upbeat US CPI data. US CPI surged 6.8% in November, the fastest level since 1982. This might increase the chance of a rate hike by Fed before anticipated.
Policy divergence between the US Fed and Bank of Canada is supporting pair at lower levels.
It hits an intraday high of 1.27476 and is currently trading around 1.27448.
Crude oil price-
WTI crude oil is trading higher on easing concerns of the omicron Corona variant. Any breach above 73.50 confirms further bullishness.
Intraday Trend –Bullish
The near-term resistance is around 1.2750, a breach above targets 1.2800/1.2850/1.2900.On the lower side, immediate support stands around 1.2680; violation below will take the pair down to the next level 1.2650/1.2600/1.2560.
It is good to buy on dips around 1.2718-20 with SL around 1.2680 for a TP of 1.2850.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 



