FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro:EUR/AUD eases but bullish outlook persists 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 
FxWirePro: GBP/USD advances on steady UK GDP growth 
FxWirePro: USD/CNY downside pressure builds, key support level In focus 
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106 
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: USD/CAD slips as oil rally boosts loonie 
FxWirePro- Major US Indices 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
Crude oil-
WTI crude oil showed a minor sell-off on strong US dollar.It hit a high of $78.23 yesterday and is currently trading at $77.69
Oil surged more than $6 as summer season in US would increase travel demand. The upcoming US CPI and Fed monetary policy could decide the future movement of oil price.
Other factors such as decrease in Saudi Arabia exports to China and icrease in strategic petroleum reserve by US are affecting crude oil prices.
Major factors for crude oil price movement-
US dollar index (Bullish)- Negative for Crude.
Major resistance - 105/106.50.
Major support- 104/103.
Geopolitical tension- No further developments in ceasefire talks between Israel and Gaza ( positive for crude).
Ichimoku analysis (4- hour chart)
Tenken-Sen- $76.70
Kijun-Sen- $75.45
The immediate resistance is around $78.25. Any jump above the target of $79/$80/$80.55. On the lower side, near-term support is around $77.50. Any breach below will drag the commodity down to $76.87/$76/$75.
It is good to sell on rallies around $78.75-80 with SL around $80 for a TP of $75.
