• USD/MXN drifted lower on Friday as investors were caught off guard by U.S. President Donald Trump's latest unexpected trade announcement.
• Global markets were shaken by Trump’s Truth Social announcement recommending a 50% tariff on all European Union goods starting June 1..
• This announcement immediately sparked renewed tariff fears, reversing the easing seen in recent weeks after the U.S. struck trade deals with partners like the United Kingdom and China.
• Risk sentiment remained fragile as markets grappled with the long-term fiscal impact of President Trump’s tax overhaul, which is expected to increase the U.S. debt by a massive $3.8 trillion over the next ten years.
• At GMT 16:56, the pair was trading up 0.15 percent at 19.281
• Immediate resistance is located at 19.483(38.2%fib), any close above will push the pair towards 19.627(50%fib).
• Support is seen at 19.229(23.6%fib) and break below could take the pair towards 19.000(Psychological level).
Recommendation: Good to sell around 19.300 with stop loss of 19.600 and target price of 19.100


NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro-Major European Indices
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains bullish as rally continues
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Major Crypto levels and bias summary
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Pair levels and bias summary 



