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Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
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FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
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Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish 
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely 
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JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
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FxWirePro- Woodies pivot (Major) 
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in 
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs 
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts 
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs 
• USD/CNY rebounded from one week low on Monday as China’s yuan weakened following soft Chinese economic data.
• Industrial output grew 6.1% year-on-year in April, according to National Bureau of Statistics (NBS) data released Monday. Although this slowed from March’s 7.7% growth, it surpassed the forecasted 5.5% increase.
• Retail sales increased by 5.1% in April, down from 5.9% in March, falling short of the expected 5.5% growth. The unemployment rate dropped to 5.1% from 5.2% in March.
•. The data reinforced worries about the impact of ongoing U.S.-China trade tensions on China’s domestic economy.
• At GMT 06:56, the dollar was up0.08% to 7.214 against the Chinese Yuan.
• Immediate resistance is located at 7.224(50%fib), any close above will push the pair towards 7.239(61.8%fib)
• Support is seen at 7.206(38.2%fib) and break below could take the pair towards 7.186 (23.6%fib).
Recommendation: Good to sell around 7.220 with stop loss of 7.250 and target price of 7.180
