GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger 
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro: AUD/USD bulls struggles as upside momentum fades 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch 
 - EconoTimes)
Chart pattern- AB=CD pattern.
EURUSD pared some of its gains after mixed US CPI. It hits a low of 1.10033 and is currently trading around 1.10238.
|
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
|
12:30 pm |
US |
CPI y/y |
2.5% |
2.6% |
2.9% |
|
|
|
Core CPI y/y |
3.2% |
3.2% |
3.2% |
|
|
|
CPI m/m |
0.20% |
0.20% |
0 |
|
|
|
Core CPI m//m |
0.30% |
|
0.20% |
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 14% from 34% a day ago.
The pair trades below short-term (34 AND 55 EMA) in a 4-hour chart. Major resistance to watch- 1.10231/1.10385/1.10554/1.10667. Bullish continuation only above 1.12050.
Major support- 1.09880,1.09420
It is good to buy on dips around 1.0978-80 with SL around 1.0930 for a TP of 1.1148.
