GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
- Gold is consolidating in narrow range between $1313 and $1301.70 for past two trading days. The yellow metal weakness was mainly due to easing geo political tensions especially North Korea. US dollar index has shown a minor decline till 92.39 after hitting high of till 92.83 after Fed FOMC statement.US 10 year yield has shown a minor recovery from low of 2.93% and is currently trading around 2.96%.
- US Fed has kept its interest rates unchanged and more hawkish on inflation confirms 100% chance of rate hike in June. But the May month meeting failed to reveal anything on Fed’s dot plot. US economy has added 204k jobs for the month of Apr compared to forecast of 200K.The yellow metals near term resistance at $1313 (100- H MA) and any break above will take the yellow metal till $1316.50 (23.6% fibo)/$1320 (200- H MA)/$1326.
- On the lower side, near term support is around $1302 (200- day MA) and any daily close below will drag the yellow metal down till $1294.
It is good to buy on dips around $1307-08 with SL around $1300 for the TP of $1320/$1325.
