Short term trend -Bearish
Reason for Weakness
1. In daily chart pattern formed -Hanging man.
2. It has broken the low of hanging man (120.60) and is trading around 120.27.
3. The pair has also broken trend line support 120.45 (trend line joining 118.05 and 119.60)
Short term bullishness can be seen only above 120.80 and break above targets 121.10/121.50
Overall bullishness only above 121.50
It is good to sell on rallies around 120.30-40 with SL around 120.81 for the TP of 119.60/119


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro: USD/CAD edges lower but outlook is still bullish
FxWirePro: GBP/AUD edges lower ,scope for further downside
FxWirePro: EUR/NZD recovers from early dip, upside pressure builds
FxWirePro: GBP/AUD steadies above 1.9000, retains bid tone
FxWirePro: NZD/USD bearish bias intact, eyes 0.5500 level
FxWirePro: USD/CAD steadies around 1.3260, retains bid tone
FxWirePro: GBP/NZD positions for another climb, eyes 2.3700 level
FxWirePro: USD/JPY edges higher, remains on bullish path
FxWirePro: EUR/NZD uptrend looks tired, but continues to hold
FxWirePro: USD/ZAR advances as strong dollar and higher oil prices pressure rand
FxWirePro- Woodies Pivot
AUDJPY: Bearish Below 110 — Sell Rallies for a Potential Move to 108
The Great Liquidation: A BTC and ETH Futures & Options Data Dashboard Review of Oct 7
FxWirePro: NZD/USD rebounds modestly but outlook is still bearish 



