• USD/ZAR retreated on Monday as the South African rand strengthened after Iran announced its attacks on Israel had ended, easing geopolitical tensions and supporting risk-sensitive currencies.
• Iran's military announced on Monday that its first wave of attacks on Israel since a ceasefire in April was now over, although it threatened to resume the strikes if Israel continued attacks on Lebanon.
•Oil prices rose near 5% as investors reacted to the latest strikes and renewed attacks in Lebanon a day earlier.
• The rand, like other risk-sensitive currencies, is driven by global sentiment and has been pressured by risk aversion since the US-Israel-Iran conflict began in late February.
• Immediate resistance is located at 16.670 (Daily high), any close above will push the pair towards 16.767(61.8%fib).
• Strong support is seen at 16.422(50%fib) and break below could take the pair towards 16.234(6th July).
Recommendation: Good to sell around 16.550 with stop loss of 16.650 and target price of 16.400


FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro: USD/CNY edges lower , bearish outlook persists
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220 



