FxWirePro: GBP/USD falls to two-day low, scope for further downside 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 
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GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 
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GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97 
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188 
FxWirePro: EUR/ NZD stuck in range but outlook is bearish 
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
FxWirePro- Major Pair levels and bias summary 
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Intraday trend – Neutral
Major intraday Support– 1.1260
The pair is directionless for the past week. Markets eagerly await US Fed monetary policy for further direction. The spread of the Omicron virus in Europe has increased demand for safe-haven assets like the US dollar. The US dollar index is trading flat for the fourth consecutive week. Any breach above 97 confirms further bullishness. It hits an intraday high of 1.12878 and is currently trading around 1.12873.
Economic data-
US PPI – 1:30 pm GMT
Any breach below 1.12300 confirms intraday bearishness. A dip till 1.1180/1.1130/1.0860 is possible.
The immediate resistance to be watched is 1.1360; any violation above will take the pair to 1.1400/1.1435.
Indicators (4-hour)
Directional movement index –bearish
CCI (50) - Bearish
It is good to sell on rallies around 1.1328-30 with SL around 1.13750 for a TP of 1.1180.
