Intraday trend – Bearish
Major intraday resistance – 123.50
The pair has closed above 200-H MA after two weeks of a bearish trend. Any breach above 123.50 confirms further bullishness. A jump till 124/124.49 is possible.
The minor support to be watched is 123, any violation below will drag the pair down till 122.45/121.78 (161.8% fib).
Indicators (15 Min)
Directional movement index – Bearish
CCI (50)- Bearish
It is good to sell on rallies around 123.12-15 with SL around 123.51 for TP of 122.


FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/NZD gains some ground but bias is still bearish
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



