FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
FxWirePro: GBP/NZD downside pressure builds, key support level in focus 
NZDJPY Pullback: Yen Strengthens on Takaichi's Election Victory – Buy the Dip Toward 96? 
FxWirePro: USD/JPY slides below 154 level, scope for further downside 
FxWirePro: GBP/USD bulls struggles as upside momentum fades 
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 
FxWirePro: NZD/USD firms, setting up for next leg higher 
EURGBP Breaks Above 0.8700 on Euro Surge: Bullish Momentum Builds Toward 0.8800+? 
NZD/JPY Slips as Yen Strength Returns: Bears Eye Deeper Drop Toward 90.00 
GBPJPY Stuck in Tight Range: Bullish Bias Holds Above 211.50 – Dip Buyers Targeting 215 Breakout? 
Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target 
FxWirePro: USD/ CNY outlook weaker on renewed downside pressure 
The pair is trading weak for the second consecutive week due to policy divergence between the ECB and BOE. Intraday bias remains bearish as long as resistance 0.8380 holds. It hit a low of 0.82400 and is currently trading around 0.82581.
Technical Analysis
The pair is currently trading below the 34- and below 55-EMA on the 4-hour chart.
- Bearish Trend Confirmation: Any break below 0.8240 confirms an intraday bearish trend. A drop to 0.8220/0.8190 is likely.
- Near-Term Resistance: Current resistance is around 0.8300. Any violation above will push towards 0.8340/0.8380/ 0.8400/0.8450/0.8470/0.8500/0.8580. The bearish outlook would be invalidated only if the price goes above 0.8500.
Indicator Analysis (4-hour chart)
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8280 with a stop loss around 0.8320 for a target price of 0.8220.
