Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD recovers but bears are not done yet again 
FxWirePro- Major Pair levels and bias summary 
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies 
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns 
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
FxWirePro- Major Pair levels and bias summary 
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 
FxWirePro- Major European Indices 
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 
FxWirePro: GBP/NZD range to extend until there is game changing news 
FxWirePro: GBP/USD outlook weaker on renewed downside pressure 
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level 
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions 
GBPUSD has declined nearly 50 pips after release of UK retail sales. UK retail sales declines 0.9% in the month of Dec compared to forecast of -0.8% and core retail sales dropped by 1.3%. The pair shown a good jump of more than 100 pips after UK PM Theresa May won no confidence vote in narrow margin 325 votes to 306 votes. The voting on UK PM May Brexit plan B and amendments to the motion will take place on Jan 29th. According to YouGov poll shows that support for UK to remain in the EU has increased to 56% versus 44% leave. The pair hits intraday high of 1.29935 and is currently trading around 1.29454.
On the higher side, any break above 1.3000 confirms minor bullishness and a jump till 1.3070/1.31720 is likely.
The near term support is around 1.2920 and any violation below targets 1.2860/1.2700. Any bearish continuation only below 1.2660.
It is good to buy on dip around 1.2920 with SL around 1.2860 for the TP of 1.3170.
