EURUSD

The EUR/USD pair has surrendered the majority of intraday gains added in the Asian session. The major currency pair has faced some selling pressure while attempting to recapture the psychological resistance of 1.1000.

 If the pair continues the uptrend to the range of 1.1046, it is expected to continue the uptrend to the range of 1.1102.

On the other hand, If the pair continues the downtrend to the range of 1.0932, it is expected to continue the downtrend to the range of 1.0876.

USDJPY

USD/JPY picks up bids to pare intraday losses around 141.75 amid early Thursday morning in Europe. In doing so, the Yen pair justifies recently dovish commentary from a Bank of Japan (BoJ) Official, versus the hawkish bias of Federal Reserve (Fed) Chairman Jerome Powell.

if the pair continues the uptrend to the range of 142.41, it is expected to continue the uptrend to the range of 142.92.

On the other hand, If the pair continues the downtrend to 141.34, it is expected to continue the downtrend to 140.78.      

GBPUSD

GBP/USD is trading in a narrow range near 1.2750 ahead of the key BoE decision on Thursday. Pound Sterling ignores rising bets for a 50 bps BoE lift-off, following hot UK inflation data. A modest US Dollar bounce weighs on the pair.

If the pair continues the uptrend to the range of 1.2815, it is expected to continue the uptrend to the range of 1.2864.

On the other hand, if the pair continues the downtrend to 1.2705, it is expected to continue the downtrend to 1.2644.

AUDUSD

AUD/USD is trading with modest losses below 0.6800, progressing toward the European morning. Risk sentiment remains fragile amid expectations of more rate hikes by major global central banks, offering some respite to the US Dollar. Fedspeak, US data next in focus.

If the pair continues the uptrend to the range of 0.6821, it is expected to continue the uptrend to the range of 0.6845.        

On the other hand, if the pair continues the downtrend to 0.6757, it is expected to continue the downtrend to 0.6717.

XAUUSD

Gold remains on the back foot as it jostles with short-term key support, lacks a directional sense of late, as markets await a slew of central bank decisions. Apart from the pre-announcement anxiety, the holiday in China and mixed catalysts about the Fed also restrict the XAU/USD price moves.

If the pair continues the uptrend to the range 1941.54, it is expected to continue the uptrend to the range of 1950.70.

On the other hand, if gold continues the downtrend to the range of 1921.23, it is expected to continue the downtrend to the range 1910.08.