FxWirePro: USD/ CNY gains some upside momentum but still bearish 
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45 
FxWirePro: NZD/USD sustains gains as uptrend remains strong 
FxWirePro- Major Pair levels and bias summary 
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next 
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 
FxWirePro: USD/CAD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD poised for further downside after key fibo break 
FxWirePro: AUD/USD consolidates gains ,remains on positive footing 
FxWirePro: AUD/USD firms as Australian household spending records sharp jump 
FxWirePro: GBP/USD hits 5-week,scope for further upside 
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104 
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains 
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
Ichimoku Analysis (Daily chart)
Tenken-Sen- $1557.19
Kijun-Sen- $1581.70
Gold has declined sharply more than $50 from fresh 7-year high $1611 on easing tensions in the Middle East. US President Trump said in a speech yesterday that "Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world." This has decreased demand for Safe-haven assets like yen and gold. The yellow metal hits low of $1552 and is currently trading around $1558.
US ADP employment shows that the economy has added 202k private-sector jobs in Dec compared to an estimate of 150k and dollar index gained after the release of data. US 10- year bond yield has shown recovery of more than 6%, the spread between US 10 and 2-year has slightly narrowed to 27 bps from 35 bps.
The near term resistance is around $1575 and any break over targets $1588/$1600. On the flip side, nearby significant support is around $1538 (200 -H MA) and violation underneath will drag the gold down till $1518/$1507.
It is good to sell on rallies around $1565 with SL $1576 for the TP of $1538/$1518.
