GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: USD/JPY catches bid ahead of BoJ meeting 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
BNB/USD took support near 365 day EMA and showed a minor pullback. It hits an low of $602.20 and is currently trading around $642.90.
Short term trend remains bullish as long as support $598 holds. It trades below the 55 and 34, above 200 and 365 EMA on the daily chart. Near-term support is around $628 (200- EMA) , any close below targets $598/$570/$520. If the pair closes below $500, potentially leading to further declines towards $400.
Immediate Resistance is at $648.Any breakout above this resistance confirms bullish momentum and a jump to could suggest bullish momentum, with further gains possible towards $669/$680/$730/$800/$1000. Near-term resistance is around $680.
Indicators (daily Chart)
- Directional Movement Index: Bearish
- CCI (50): Bearish
Trading Strategy
It is good to buy on dips around $625 with a stop-loss set at $595 and a target price of $800/$1000.
