• USD/CNY dipped on Friday as the yuan strengthened amid escalating U.S.-China trade tensions.
•The Trump administration doubled tariffs on all Chinese imports to 20% this week, prompting Beijing to retaliate with 10-15% tariffs on select U.S. goods.
• China's central bank Governor Pan Gongsheng reaffirmed on Thursday that the bank will maintain yuan stability and implement further monetary easing "at an appropriate time.
• The yuan has gained 0.5% against the dollar this month and 0.7% this year, supported by a weaker dollar, a higher PBOC midpoint, and delayed monetary easing.
• At GMT 11:45,the dollar was down 0.17% at 7.234 against Chinese Yuan .
• Immediate resistance is located at 7.256(38.2%fib), any close above will push the pair towards 7.287(50%fib)
• Support is seen at 7.230(23.6%fib) and break below could take the pair towards 7.216(Lower BB).
Recommendation: Good to sell around 7.240 with stop loss of 7.280 and target price of 7.180


FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: USD/CAD neutral in the near term, scope for further upside
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/AUD edges higher but maintains bearish bias
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
JPY Major Currency Score
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 



