FxWirePro: USD/JPY steadies around 158.75, bias bullish 
FxWirePro:NZD/USD continues to recovers , upside pressure builds 
FxWirePro: USD/CNY falls to three-year high, scope for further downside 
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction 
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/USD stuck in range but maintains bearish bias 
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel 
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade 
FxWirePro: USD/ZAR continues to recovers , upside pressure builds 
FxWirePro: GBP/NZD reverses course, bias back to downside 
FxWirePro- Major European Indices 
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 
FxWirePro: EUR/NZD remains under pressure as key support gives way 
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential 
EURGBP showed a minor pullback due to short covering. It hit a high of 0.84326 and is currently trading around 0.84247.
The policy divergence between the ECB and BOE puts pressure on the pair at higher levels.
Technicals-
The pair trades below 34- and 55 EMA in the 4-hour chart.
The near-term resistance is around 0.8435, a breach above targets 0.8450/0.84610. The immediate support is at 0.8420, any violation below will drag the pair to 0.8400/0.83830 (Jul 17th, 2024). Any close below 0.83830 confirms that a temporary top formed around 0.8625, a major downtrend resumption.
Indicator (4-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish
It is good to sell on rallies around 0.8435 with SL around 0.8458 for TP of 0.83830.
