AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: USD/CNY edges higher but bulls lack punch 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro- Major Crypto levels and bias summary 
Intraday trend – Bearish
Major intraday resistance– 1.0300
The pair spiked sharply after the European Central bank policy. The central bank hiked its rates by 50 basis points to 0.0%, the first hike in 11 years. It also promised further rate hikes in its next policy meeting. It has pared its gains made after the policy and is currently trading below the 1.0200 level.
The number of people who have filed for unemployment benefits rose by 7000 last week to 251000 compared to a forecast of 240K. US Philly fed manufacturing contracted for a second consecutive month to -12.3 in Jul.
Technical-
Any breach below 1.010 confirms a bearish continuation; a dip to 1/0.9945 is possible.
The immediate resistance to be watched is 1.0300; any violation above will take the pair to 1.0400/1.0520/1.0565/1.0620.
Indicators (4-hour)
Directional movement index –Neutral
CCI (50) – Bullish
It is good to buy on dips around 1.000 with SL around 0.9945 for a TP of 1.0610.
