GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
BTCUSD pared some of its gains made after US inflation.is trading in a narrow range ahead of US CPI data. US CPI declined to 4.9% YoY compared to a forecast of 5%. On a monthly basis, CPI and Core CPI rose 0.40% in line with estimates. Markets eye US debt ceiling negotiations for further direction. BTC hits a low of $26100 this week and currently trading around $26395.
Major economic data this week
May 12th, 2023, Prelim UoM Consumer Sentiment (2 pm GMT)
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (positive correlation with BTC) - Bullish (positive for BTC). The index breaks significant resistance 13250 and holds well above that level. A jump to 13725 is possible.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 12.9% from 0.0% a week ago.
Technicals-
Major support- $26000. Any break below will take it to the next level at $25000/$24300/$2000 is possible.
Bull case-
Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of $37000/$43200/$48500 is possible.
Secondary barrier- $52200. A close above that barrier targets $60000/$69000.
It is good to buy on dips around $25000 with SL around $23000 for TP of $30000.
