• USD/CNY strengthened on Monday as China's yuan weakened following data that showed China's January manufacturing activity unexpectedly contracted.
• China's manufacturing activity unexpectedly contracted in January, its weakest since August, sparking calls for stimulus.
• The official PMI fell to 49.1 in January from 50.1 in December, below the 50-mark that separates growth from contraction.
•Chinese financial markets will be closed for the week-long Lunar New Year holiday from Jan. 28.
• Immediate resistance is located at 7.267 (50%fib), any close above will push the pair towards 7.297 (38.2%fib).
• Support is seen at 7.235(61.8%fib) and break below could take the pair towards 7.206 (Nov 13th low).
Recommendation: Good to buy around 7.250 with stop loss of 7.170 and target price of 7.300


FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD bulls continue to hold the higher ground
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 



