FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major European Indices 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD moves lower on weak UK data 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.09959
Kijun-Sen- 1.09634
EURUSD declined sharply yesterday on risk aversion. The US Producer price index came in at 0.20% in Apr compared to a forecast of 0.30%. Core PPI excluding food and energy costs up 0.20% month-on-month. It hits a low of 1.08999 and is currently trading around 1.09257.
The number of people who have filed for unemployment befits rose by 22000 to 264000 last week, the highest level in 2-1/2 weeks.
Major economic data for the day
May 12th, 2023, Prelim UoM Consumer Sentiment (2 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 12.9% from 0.0% a week ago.
The US 10-year yield traded weak for the third consecutive day. The US 10 and 2-year spread narrowed to -51% from -108%.
The pair trades below short-term 21 EMA, 55 EMA, and above long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.0900 confirms intraday bearishness; a dip to 1.0830/1.0800 is possible. The near-term resistance is around 1.1000. The breach above targets 1.1070/1.1100.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.0968-70 with SL around 1.1010 for a TP of 1.0830.
