FxWirePro- Major Crypto levels and bias summary 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
Intraday trend – Bearish
Major intraday Support– 1.1360
The pair showed a massive sell-off after upbeat US CPI data. . The January US CPI came at 7.5% YoY vs forecast of 7.3%, the highest level since Feb 1982. The US 10-year yield surged above 2% for the first time since Aug 2019 as the chance of aggressive rate hikes by the Fed increased after inflation data. The policy divergence between US Fed and ECB is putting pressure on the pair at higher levels. It hits an intraday high of 1.13700 and is currently trading around 1.13882.
Technical-
Any breach below 1.13700 confirms intraday bearishness. A dip till 1.1340/1.1300/1.1230 is possible.
The immediate resistance to be watched is 1.1435; any violation above will take the pair to 1.150/ 1.1580/1.1700.
Indicators (4-hour)
Directional movement index –Neutral
CCI (50) – Neutral
It is good to sell on rallies around 1.1408-10 with SL around 1.1460 for a TP of 1.1260.
