FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/USD gains some ground but bulls lack punch 
FxWirePro: USD/ZAR recovers slightly but bears are not done yet 
FxWirePro: USD/CAD gains some upside momentum but still bearish 
GBP/JPY Under Pressure: Rally Below 209.60 Offers Short Opportunity 
JPY Major Currency Score: All Currencies Extremely Bearish 
FxWirePro: USD/CAD extends decline, vulnerable to more downside 
FxWirePro: USD/ZAR downside risk builds after SA Q2 GDP contraction 
AUDJPY Suffers as Yen Buying Pressure Mounts; Bearish Outlook Persists 
FxWirePro: USD/JPY extends decline, vulnerable to more downside 
FxWirePro: EUR/AUD range-bound as ECB rate decision and U.S inflation data take focus 
FxWirePro: EUR/AUD gains modestly ahead of ECB policy decision 
Add as a preferred source on Google
Key Level to Monitor: $660
BNB/USD pair lost its shine after forming a minor top of $732. It hit an intraday low of $630 and is currently trading around $651.75.
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 $590, potentially leading to further declines towards $580/$550/$500.
Immediate Resistance is at $730. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $775/$812/$848/$1000.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bearish
Trading Strategy
Consider buying on dips around $630 with a stop-loss set at $590 and a target price of $1000.
