FxWirePro- Major Pair levels and bias summary 
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD bulls struggles as upside momentum fades 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY gains some upside momentum but bias still bearish 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro- DXY Daily Outlook
Major support- 100
Major resistance- 102
DXY showed a major pullback after strong data. It hit a high of 101.46 and is currently trading around 101.382.
US GDP and Initial jobless claims came above market expectations showing that the US is not in recession. This diminishes the chance of a rate cut by the Fed this Sep.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 32.5% from 38% a day ago.
On the lower side, near-term support is around 101.20 and violation below will drag the index down to 100.60/100/99.57/99/98. Significant resistance is around 101.60, and breach above targets 102/102.75. Overall bearish invalidation is only above 103.
It is good to buy on dips around 101.20-25 with SL around 99.80 for a TP of 102.
