FxWirePro: USD/JPY upside capped as intervention risk limit upside 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
FxWirePro- Major Pair levels and bias summary 
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
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FxWirePro: GBP/NZD edges higher but outlook is bearish 
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists 
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment 
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1971
Kijun-Sen- $1911.92
Gold continues to trade weak on the strong US dollar. Markets eye US Fed monetary policy this week for further direction. According to the Fed watch tool, the probability for a 50 bpbs rate hike in June has increased to 94.3% from 91.1% a week ago. US dollar index showed a profit booking after hitting a 20-year high in hopes of aggressive rate hikes. The yellow metal hits an intraday low of $1884 and is currently trading around $1885.
Major economic events this week are US NFP and ISM manufacturing index.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1870, a breach below targets $1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1920, any breach above will take to the next level $1932/$1950/$1970.
It is good to sell on rallies around $1900 with SL around $1925 for TP of $1750.
