FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
GBPJPY Slips After Sterling Weakness, Bears Eye 216 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro- Woodies pivot (Major) 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
Intraday trend – Neutral
Major intraday resistance – 1.12725
The pair has declined two times after a minor jump above 200-H MA. The hopes of a rate hike and increase in coronavirus cases in Europe are putting pressure on Euro at higher levels. Markets eye German IFO, Fed meeting minutes, and US PCE index for further direction. It hits an intraday low of 1.12353 and is currently trading around 1.12385. Any breach below 1.12200 confirms further bearishness. A dip till 1.1180/1.1150 is possible.
The immediate resistance to be watched is 1.12750; any violation above will take the pair to 1.1300/1.13625/1.1400.
Indicators (1-hour)
Directional movement index –Neutral
CCI (50) - Bearish
It is good to sell on rallies around 1.1258-60 with SL around 1.1300 for a TP of 1.1150.
