GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220 
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets 
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183" 
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar 
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
FxWirePro :USD/JPY hovers near 40-year high, bias bullish 
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought 
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FxWirePro: AUD/USD remains buoyant, looks to extend gains 
• EUR/AUD firmed on Wednesday as Australian dollar weakened as risk sentiment deteriorated despite signs of progress in U.S.-Iran peace negotiations.
• The Australian dollar has also come under pressure from broad weakness in commodity markets, with copper down 2.6%, gold off 2.7%, and WTI crude declining 4.6%, reducing support for the commodity-linked currency.
• Investors are now turning their attention to Australia’s May employment report due on Thursday. Economists polled by Reuters expect employment to have increased by 30,000 jobs, while the unemployment rate is forecast to hold at 4.4%.
• Meanwhile, Reserve Bank of Australia Deputy Governor Andrew Hauser welcomed the recent decline in oil prices but stressed that inflation remains uncomfortably high, suggesting policymakers are unlikely to become complacent in their fight against price pressures.
• Immediate resistance is located at 1.6519(38.2%fib), any close above will push the pair towards 1.6565(Higher BB)
• Support is seen at 1.6443 (50%fib) and break below could take the pair towards 1.6362(61.8%fib).
Recommendation: Good to buy around 1.6450, with stop loss of 1.6400 and target price of 1.6550
