USD: A positive start for the Dollar ahead of the CPI

• RES 4: 6178.75 High Dec 6 and key resistance    
• RES 3: 6162.25 High Jan 24 
• RES 2: 6147.75 High Jan 31 
• RES 1: 6123.25 High Feb 7                  
• PRICE: 6065.00 @ 07:26 GMT Feb 10 
• SUP 1: 6014.00/5935.50 Intraday low / Low Feb 3           
• SUP 2: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg
• SUP 3: 5842.50 Low Jan 14 
• SUP 4: 5809.00 Low Jan 13 and a key resistance 

The Feb 3 initial sell-off in the S&P E-Minis contract and the breach of support at 5948.00, Jan 27 low, continues to highlight a possible S/T reversal threat. If correct, it suggests that the latest bounce is a correction. A resumption of weakness would open 5892.37, a Fibonacci retracement point. On the upside, a stronger rally would expose key resistance at 6178.75, the Dec 6 ‘24 high. Clearance of this hurdle would resume the primary uptrend.

• A wide range session in FX after US President Trump once again threatens 25% Tariffs, but this time on everyone and on all Steel and Aluminium Imports.
• Price action in metals overnight have been steady, but Gold continues to register all Time record high, clearly some Safe Haven interest must be at play.
• For G10 FX, going into the European session, the CAD was the Overnight worst performer, was down 0.37%, albeit well within Friday's wide range following the US Data beat, but has been taken over by the Yen, with USDJPY back above 152.00, although there's very little movements in Yields.
• USDJPY printed a 152.21 high overnight, and this will be seen as the initial immediate resistance, now at 152.06.

• RES 4: $3000.0 - Psychological round number   
• RES 3: $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing 
• RES 2: $2917.5 - 1.764 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 1: $2900.0 - Round number resistance    
• PRICE: $2894.7 @ 07:31 GMT Feb 10 
• SUP 1: $2834.3 - Low Feb 6  
• SUP 2: $2776.3 - 20-day EMA  
• SUP 3: $2754.3 - Low Jan 30  
• SUP 4: $2716.9 - 50-day EMA

A bull cycle in Gold remains in play and the yellow has again traded to a fresh cycle high, today. The continued appreciation once again confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting a dominant uptrend. Sights are on the $2900.0 handle next. The first key support to watch is $2776.3, the 20-day EMA.