FxWirePro- Major Crypto levels and bias summary 
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220 
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral 
FxWirePro: AUD/USD edges lower, but bullish outlook persists 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias 
Gold Loses Steam After Strong U.S. Retail Sales 
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone 
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
BNB/USD formed a double bottom near $500 and showed a minor pullback. It hit a high of $611 and is currently trading around $577.80.
MGX has made a substantial $2 billion investment in Binance, representing a landmark event as the exchange's first institutional backing and the most significant individual investment within the digital asset sector. The transaction, completed entirely using stablecoins, reinforces trust in Binance's robust financial standing.
Overall bias remains bullish as long as support of $500 holds. It trades above the 34 and 55 EMA on the 4-hour chart. If the pair closes below $500, potentially leading to further declines towards $400.
Immediate Resistance is at $620. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $640/$678/$700/$730.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $540 with a stop-loss set at $540 and a target price of $730.
