- USDCHF is declining sharply for the past two weeks and hits 3 -1/2 week low. The main reason for jump in Swiss Franc is risk –off mood boosts safe haven demand. The Trump’s warning regarding impose of import tariff on foreign vehicles and renewed trade war between US and China are increasing geo political concerns. The pair almost formed almost a double top at 1.00560 and shown a more than 150 pips dip from that level. Any convincing break below 0.9900 confirms minor weakness and a dip till 0.9800 is possible.
- The pair’s further bullish continuation can be seen only above 1.0060 level. Any break above 1.0060 will take the pair to next level till 1.010/1.0170 level. The minor resistance is around 0.9750.
- In this week the pair jumped till 1.0015 and started to decline from that level. So short term trend is still weak and any convincing close below 0.9000 confirms minor bearishness.
It is good to sell on rallies around 0.9925-30 with SL around 0.9980 for the TP of 0.9805.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/AUD moves lower on weak UK data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro:EUR/AUD eases but bullish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 



