FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD downward momentum remains in place 
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FxWirePro: USD/ZAR sell bias remains below key resistance zone 
FxWirePro- Major Crypto levels and bias summary 
WTI crude oil hits fresh year high due to supply disruptions. The commodity showed minor weakness after the weak US ISM manufacturing PMI. US Headline rose 0.30% m/m in Jan, in line with the estimate. Core PCE came at 0.40%, matched forecasts.
Major factors for crude oil price movement-
US dollar index (Bearish)- Positive for Crude. Major resistance - 104.20/105. Major support- 103.40/102.80.
Production cut- OPEC members agreed to extend 2.2 million barrels. Yemen-Iran-backed Houthis attacked a UK cargo vessel and promised to destroy more UK vessels.
Ichimoku analysis (4- hour chart)
Tenken-Sen- $79.36
Kijun-Sen- $77.69
The immediate resistance is around $81. Any jump above $80 targets $83.50/$85. On the lower side, near-term support is around $77.70. Any breach below will drag the commodity down to $76/$75.51.
It is good to buy on dips around $75 with SL around $73 for TP of $80/$83.
