Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Major European Indices 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
- USD/INR is currently trading around 71.41 marks.
- It made intraday high at 71.84 and low at 71.39 marks
. - Intraday bias remains bearish for the moment.
- Key resistances are seen at 72.02, 72.47,72.86, 73.27 and 73.70 marks respectively.
- On the other side, initial supports are seen at 71.12, 70.57, 70.27, 69.87, 69.66, 69.34, 69.02, 68.65 and 68.15 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.66 percent higher at 10,808.58 points while BSE Sensex was trading 0.70 points higher at 36,038.55 points.
We prefer to take short position on USD/INR around 71.50, stop loss at 71.90 and target of 71.12.
