FxWirePro: USD/JPY holding bid into weekend 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro: EUR/AUD under pressure as key support gives way 
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout 
FxWirePro: USD/CNY partially recovers early session losses 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
Bulls gain traction after hammer formation, Shooting star counters, and the trend has been drifting non-directional mode, while the current prices are well above 21DMAs amid gravestone doji formation.
For now, gravestone doji candle has occurred yesterday at 130.2580 levels that may get you bear-trapped as this cannot afford to be isolated, both leading and lagging oscillators are little indecisive but slightly in bulls’ favor.
Thereby, the trend may go non-directional but any dramatic moves in either direction appear to be unlikely, instead, minor dips amid major uptrend seem to be on cards upon bullish EMA crossover (on monthly terms), we see confirmation from both momentum and trend oscillators.
In addition to that, bulls in consolidation phase manage to break-out above 50% Fibonacci retracements. For now, the rallies likely to extend further on bullish EMA crossover.
From the last couple of days, the trend remained in sideways (refer rectangular portion on the daily chart), even if you see any abrupt slumps, it should not be panicky as the strong support is seen at 129.4178 levels and the major trend goes in the consolidation phase.
Both leading, as well as lagging indicators on monthly time frames, have been converging upwards that signifies the intensified momentum in buying sentiments of the uptrend.
Trade tips: Contemplating above technical rationale, we could foresee more upside traction in spot prices, thus, initiating longs in mid-month futures contracts are advocated with a view to arresting bullish risks.
Currency Strength Index: FxWirePro's hourly EUR spot index is flashing 37 (bullish), while hourly JPY spot index was at 60 (bullish) at 06:14 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
