JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds 
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance 
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 
ETH prices showed a minor pullback after hitting a multi-week low.
It holds below the long-term moving average of $1786 (200-day EMA).
ETHUSD trading was weak and lost more than $400 following the footsteps of Bitcoin. The upbeat US retail sales and Philly Fed manufacturing index has increased the chance of another 25 bpbs rate by the Fed this year. It hits a low of $1542.60 and is currently trading around $1666.50.
Major economic data to watch this week
Aug 22nd, 2023, Existing home sales and Richmond manufacturing index (2:00 pm GMT)
Aug 23rd, 2023, German flash manufacturing and services PMI (7:30 am GMT)
UK flash manufacturing and services PMI (8:30 am GMT)
US flash manufacturing and services PMI (1:45 pm GMT)
Aug 24th, 2023, US Core durable goods order and unemployment claims (12:30 pm GMT)
Aug 25th, 2023, German IFO Business Climate (8:00 am GMT)
Jackson hole symposium Powell speech (2:05 pm GMT)
The bullish invalidation can happen if the pair closes below $1570. On the lower side, the near-term support is $1540. Any break below targets $1475/$1369/$1300. Significant downtrend if it breaks $800.
The immediate resistance stands at around $1800. Any breach above confirms a minor pullback. A jump to $1900/$1973/$2030 is possible. A surge past $2050 will take Ethereum to $2294/$2500.
It is good to buy on dips around $1500 with SL around $1365 for TP of $2000/$2400.
