EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High 
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115 
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 
FxWirePro: AUD/USD remains buoyant, looks to extend gains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro:EUR/NZD extends fall, key support lies ahead 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro- Woodies pivot (Major) 
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought 
- RES4: 1.5815 (May 14th high)
- RES3:1.5745 (61.8% retracement of 1.5813 and 1.5630)
- RES2: 1.5725 (20 day HMA)
- RES1: 1.5687 (Tenken-Sen)
PRICE: 1.56435@ 05:00 GMT
- SUP1: 1.5630 (May 13th low)
- SUP 2: 1.5590 (23.6% retracement of 1.5088 and 1.5746)
- SUP3:1.5530 (200 day HMA)
- SUP4: 1.5480
GBP/USD has formed double bottom around 1.5630 and any break below will confirm the short term bearishness, a decline till 1.5480 cannot be ruled out .
Today market awaits for CPI and PPI data scheduled in a few hours for further direction.
UK headline consumer prices is expected to risen at a monthly pace of 0.4% during April and to come in flat over the last twelve months, while Core prices would have risen 1.0% on a yearly basis.
Technically GBP/USD major resistance around 1.5725 and any break will target 1.5750/1.5780 in short term.
Intraday minor support is 1.5630 and any break below will target 1.5590/1. weakness only below 1.5630.
It is good to sell on rallies around 1.5675 for the target of 1.5590 with stop around 1.5725.
