FxWirePro- Woodies Pivot(Major) 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro- Major European Indices 
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
EUR/USD showed a minor pullback after US GDP data. It hit an intraday high of 1.13233 and currently trading around 1.13221.
The U.S. preliminary GDP for Q1 2025 revealed a 0.2% contraction, a little upward revision from the first 0.3% drop, mostly as a result of rising imports and falling government expenditure, somewhat countered by increases in investment, consumer spending, and exports. Though actual final sales to private domestic customers increased 2.5%, this signals the first quarterly GDP drop since early 2022.
Technical Analysis of EUR/USD
The pair is holding above the short and long-term moving average in the hourly chart. Near-term resistance is seen at 1.1365; a break above this may push the pair to targets of 1.14250/1.1500. Major bullish momentum is likely only if prices can break above the 1.160 target of 1.1660. On the downside, support is seen at 1.12650 any violation below will drag the pair to 1.1200/1.1150/1.1090/1.1050/1.100.
Market Indicators and Trading Strategy
Commodity Channel Index (CCI)- Neutral
Average Directional Movement Index (ADX) - Neutral
It is good to buy on dips around 1.1305-58 with a stop-loss at 1.1260 for a target price of 1.1418/1.1500.
