FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Woodies Pivot(Major) 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro- Major European Indices 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major Pair levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
- USD/CAD has shown a minor jump after forming a temporary bottom at 1.23622. The major jump was mainly due to BOC interest rate hike by BOC and rising crude oil prices.The pair’s downside capped due to uncertainty about the future of NAFTA. The pair jumped till 1.2508 and is currently trading around 1.24550.
- The wholesale sales data released today was slightly weaker that expected. It has slowed to 0.7% compared to forecast of 1.0%.
- Crude oil price has declining slightly on account of US government shutdown.But US drilling activity has slowed down by 5 to 747 in the week to Jan 19th . It is curretly trading around $63.26.
- Technically, major short term support is around 1.2435 and any break below will drag the pair till 1.23550. Short term bullish invalidation below 1.23550.
- On the higher side, near term major resistance is around 1.26000 and any break above will take the pair to next level till 1.2638 (daily Kijun-Sen)/1.27070 (61.8% retracement). Short term bearish invalidation only above 1.2925. The minor resistance is around 1.2495 (10- day MA).
It is good to sell on rallies around 1.2525-30 with SL around 1.2600 for the TP of 1.2350/1.2300
