• The USD/ZAR edged higher as investors digested U.S. retail sales data and waited for key jobs and inflation data for more clues.
• U.S. retail sales were unexpectedly flat in December, signaling slower consumer spending and a more subdued economic growth outlook heading into the new year..
• A weaker economic outlook has boosted expectations of two 25-basis-point rate cuts this year..
• January’s nonfarm payrolls report is scheduled for release on Wednesday, with economists expecting an increase of 70,000 jobs last month . Meanwhile, January’s Consumer Price Index (CPI) data is set to be released on Friday.
• Immediate resistance is located at 16.026(38.2%fib), any close above will push the pair towards 16.113(SMA 20).
• Strong support is seen at 15.660(23.6%fib) and break below could take the pair towards 15.580(Lower BB)
Recommendation: Good to sell around 16.020 with stop loss of 16.200 and target price of 15.900


FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro:EUR/NZD extends fall, key support lies ahead
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro- Major Pair levels and bias summary 



