JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
Ichimoku Analysis (Daily chart)
Tenken-Sen- 7063
Kijun-Sen-7078
FTSE100 is trading in a narrow range between 6940 and 7161.50 for the past two weeks. The United Kingdom has reported more than 35000 infections on Friday, the highest in over five months. The retail sales surged by 13.1% in June, against a decline of 1.3% in June 2019. The US indices edged higher ahead of bank earnings. FTSE100 should break above channel resistance 7275 for further bullishness. The FTSE100 hits an intraday high of 7139 and currently trading around 7131.90.
The near-term resistance to be watched is 7165; any break above will take the index till 7200/7240/7275. On the lower side, near-term support is around 7050, and any violation below targets 7000/6940/6900/6820.
Indicator (Daily chart)
CAM indicator – Bullish
Directional movement index – Bearish
It is good to buy on dips around 7050 with SL around 6940 for the TP of 7215.
