FxWirePro: GBP/USD hits 5-week,scope for further upside 
FxWirePro: EUR/AUD poised for further downside after key fibo break 
FxWirePro- Major European Indices 
FxWirePro: USD/JPY dips below lower range, bearish bias increases 
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104 
FxWirePro: AUD/USD firms as Australian household spending records sharp jump 
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight 
FxWirePro: NZD/USD sustains gains as uptrend remains strong 
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45 
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains 
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
FxWirePro- Major US Indices 
FxWirePro: GBP/NZD edges higher but bearish outlook persists 
FxWirePro: AUD/USD consolidates gains ,remains on positive footing 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
Previous Week
The Yen, gold and oil shined well in the previous week on geopolitical risk. The escalation of tension in the Middle East after the US killed a top Iranian Military general. President Trump threatened to hit 52 Iranian sites if Iran retaliates.
DXY declined slightly after a minor jump till 97.11 on USDJPY sell-off. It hits a low of 96.36 previous weeks and currently trading around 96.81.
The major economic data from the US was the ISM Manufacturing index which has contracted at 47.2, the lowest level since 2009.
The precious metal was the best performer in 2020 especially Gold jumped more than $50 on an increase in demand for Safe-haven assets.
US 10 year bond yield has lost more than 9% from temporary top 1.948%. The spread between US 10 year and 2 years has narrowed to 25 bps from 35.7 bps
Weekly Technical:
EURUSD:
Major trend reversal level- 1.12860
Near term support- 1.1100/1.10350
Near term resistance – 1.1245/ 1.12885
USDJPY:
Major trend reversal level- 107.20
Near term support- 107.20/106.40
Near term resistance – 108.80/109.75
USDCHF
Major trend reversal level- 0.9645
Near term support- 0.9645/0.9540
Near term resistance – 0.9770/0.9845
USDCAD
Major trend reversal level- 1.29290
Near term support- 1.29290/1.2800
Near term resistance – 1.3025/1.3100
Gold
Major trend reversal level- $1600
Near term support- $1550/$1515
Near term resistance – $1600/$1625
WTI Crude
Major trend reversal level- $65
Near term support- $63/$61.45
Near term resistance – $65/$66.80.
Major Economic events for the week
US ISM Services – Tuesday (3:00 pm GMT)
US ADP employment - Wednesday (1:15pm GMT)
BOC Gov Poloz Speaks –Thursday ( 7:00 pm GMT)
US Non-Farm employment change –Friday (12:30 GMT)
