Intraday bias - Bearish
Horizontal trend line- $605
Any close above $555 confirms intraday bullishness.
BNBUSD continues to trade weak after forming a minor top around $598.The pair is facing strong resistance near the 200-day EMA and is struggling to close above that level for the past three days. It hit a high of $538.70 on Tuesday and is currently trading around $504.30.
The bullish invalidation can happen if the pair closes below $403 (Aug 5th low). On the lower side, the near-term support is $495. Any violation below confirms bearish continuation. A dip to $477/$450/$403 is possible.
The immediate resistance stands at around $520.40 (200-day EMA). Any breach above confirms minor bullishness. A jump to $541/$553 is possible. Bullish continuation only if it breaks $553. A surge past $553 will take it to $605/$700.
Indicators ( Daily chart)
Directional movement index -Bearish
CCI (50)- Bearish
CCI(14)- Bearish
It is good to buy above $553 with SL around $519 for TP of $700.


GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



