Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.27279
Kijun-Sen- 1.27102
The pair was one of the best performers and surged more than 300 pips on board-based US dollar buying. The upbeat US economic data and surging US Treasury yields are supporting the US dollar index. Markets eye US Fed monetary policy data for further direction. It hits a high of 1.28190 and is currently trading around 1.28116. The overall trend remains bullish as long as support 1.2720 holds.
The reasons for the jump are
The decline of more than 3.5% in WTI crude oil price due to risk aversion.
The spread of delta variant coronavirus.
Intraday Trend –Bullish
The near-term resistance is around 1.2820, a breach above targets 1.2860/1.2900/1.29490 (Aug 20th, 2021). On the lower side, immediate support stands around 1.2760; violation below will take the pair down to the next level 1.2720/1.2660.
It is good to buy on dips around 1.2780 with SL around 1.2720 for a TP of 1.2950.


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Woodies Pivot(Major)
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/CNY downside pressure builds, key support level In focus
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD moves lower on weak UK data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



