Previous Week
The Yen, gold and oil shined well in the previous week on geopolitical risk. The escalation of tension in the Middle East after the US killed a top Iranian Military general. President Trump threatened to hit 52 Iranian sites if Iran retaliates.
DXY declined slightly after a minor jump till 97.11 on USDJPY sell-off. It hits a low of 96.36 previous weeks and currently trading around 96.81.
The major economic data from the US was the ISM Manufacturing index which has contracted at 47.2, the lowest level since 2009.
The precious metal was the best performer in 2020 especially Gold jumped more than $50 on an increase in demand for Safe-haven assets.
US 10 year bond yield has lost more than 9% from temporary top 1.948%. The spread between US 10 year and 2 years has narrowed to 25 bps from 35.7 bps
Weekly Technical:
EURUSD:
Major trend reversal level- 1.12860
Near term support- 1.1100/1.10350
Near term resistance – 1.1245/ 1.12885
USDJPY:
Major trend reversal level- 107.20
Near term support- 107.20/106.40
Near term resistance – 108.80/109.75
USDCHF
Major trend reversal level- 0.9645
Near term support- 0.9645/0.9540
Near term resistance – 0.9770/0.9845
USDCAD
Major trend reversal level- 1.29290
Near term support- 1.29290/1.2800
Near term resistance – 1.3025/1.3100
Gold
Major trend reversal level- $1600
Near term support- $1550/$1515
Near term resistance – $1600/$1625
WTI Crude
Major trend reversal level- $65
Near term support- $63/$61.45
Near term resistance – $65/$66.80.
Major Economic events for the week
US ISM Services – Tuesday (3:00 pm GMT)
US ADP employment - Wednesday (1:15pm GMT)
BOC Gov Poloz Speaks –Thursday ( 7:00 pm GMT)
US Non-Farm employment change –Friday (12:30 GMT)


NZDJPY Bullish Surge: RBNZ Hawkish Pause Fuels Rally Toward 95 as 92.60 Support Holds
EURJPY Climbs Above 185.50 on Euro Buying: Bullish Momentum Intact, Buy Dips Toward 187
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY eases as intervention risk and geopolitics engage in a fierce tug-of-war.
AUDJPY Pulls Back as Yen Momentum Returns: Sell Rallies Near 112.60 Targeting 110
FxWirePro: NZD/USD hits three-week high, scope for further upside
FxWirePro: USD/JPY slides as yen rallies on Japan pension fund plans
GBPJPY Dips to 216.71 On Yen Strength: Buy the 217 Zone Targeting 220
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD climbs to one-month high as dollar dips
FxWirePro: GBP/AUD steadies around 1.9310,retains bid tone
FxWirePro- Woodies pivot (Major)
NZDJPY Surges on NZD Buying: Bullish Setup Eyes 95 as Key Support Holds
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD climbs to three-week peak 



