GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115 
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 
FxWirePro:' USD/CAD faces downside risk below 1.4000 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch 
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD range bound ahead of RBA policy decision 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
FxWirePro- Woodies pivot (Major) 
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch 
On weekly chart, we spotted out a break below “Neckline of Double Top” at around 1.4696 levels with a bearish candle of big real body.
Earlier on daily charting also, we’ve seen a double top formation and subsequently, the bearish effects after the break below neckline.
Thereafter, major downtrend prolongs in descending triangle.
We could observe intensified bearish momentum as the pair has tumbled to break below major supports at 1.4665 levels.
Robust volumes are conformity to these down steaks.
Amid this bearish trend we see the current price have slide below 21DMA on daily chart and EMAs on weekly charts.
Both leading and lagging oscillators indicates bearish momentum by converging downwards to these price dips on monthly charts.
RSI: Currently, RSI (14) on weekly is converging downwards to the prevailing price dips to signal selling pressures.
Stochastic: This leading oscillator on weekly has approached oversold territory but no convincing bullish crossover yet.
Daily MACD also signifies the ongoing downtrend to prolong further.
We think, in a long term bears' intensity is strengthening as there are no signs of strong buying sentiments so far.
Thus, the recommendation is to use the rallies to go short in near month futures contracts for targets towards 1.4445 levels with strict stop loss at 1.4696.
The short futures position can also used by traders to lock in a trading price of a FX that he is going to sell in the future. Please be noted that as the expiry period approaches, the futures price converges to the spot FX of EURAUD.
