FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
JPY Action Bias: Bullish Pairs to Watch Out For 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro- Major Pair levels and bias summary 
Intraday trend – Bearish
Major intraday support– 1.0470
The pair declined once again after a minor pullback to 1.15770. Fed is expected to hike rates by 50 bpbs and will announce a plan for Quantitative tightening of the USD 9T balance sheet. According to the Fed watch tool, the probability for a 75 bpbs rate hike in June has increased to 96.9% from 74.5% a week ago. US 10-year yield spiked to 3% for the first time since 2018. The pair made a low of 1.04930 yesterday and is currently trading around 1.05135.
Technical-
Any breach below 1.04700 confirms a bearish continuation; a dip to 1.03400 is possible.
The immediate resistance to be watched is 1.0600; any violation above will take the pair to 1.0650/1.0700
Indicators (4-hour)
Directional movement index –Neutral
CCI (50) – Bearish
It is good to sell on rallies around 1.0548-50 with SL around 1.0610 for a TP of 1.0300.
