FxWirePro- Major Pair levels and bias summary 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
FxWirePro: USD/JPY remains in familiar place on intervention threat 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro: USD/ZAR recovers some ground but outlook is bearish 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists 
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns 
FxWirePro- Major Crypto levels and bias summary 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key 
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment 
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1702.70
Kijun-Sen- $1707.4
Gold price broke psychological support at $1700 and settled below that level. Market eyes European Central bank policy for further direction. A hawkish rate hike by ECB will drag the yellow metal further down. US dollar index pared most of its gains made yesterday on profit booking. According to the CME Fed watch tool, the probability of a 100 bpbs rate hike in Jul dropped to 33.2% from 36.2% a day ago.
The US existing home sales declined to two year low at 5.12M compared to a forecast of 5.37M.
Factors to watch for gold price action
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (Positive for gold)
US10-year bond yield- Mixed (neutral for gold)
Technical
The near–term support is around $1690, a breach below targets $1650/$1600. Significant reversal only below $1600. The yellow metal faces minor resistance around $1720, breach above will take it to the next level of $1732/$1745/$1770.
It is good to sell on rallies around $1720-21 with SL around $1750 for TP of $1650/$1600.
