FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
FxWirePro: GBP/AUD drifts lower after BOE rate decision 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 
FxWirePro- Woodies pivot (Major) 
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend? 
FxWirePro: AUD/USD dips below lower range, bearish bias increases 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level 
EURGBP minor uptrend has continued yesterday’s rallies after the test of support at 21-DMAs, it has constantly been rising from the lows of 0.8866 to the current 0.8959 levels. Bulls take-off rallies through saucer pattern which is bullish in nature (refer daily chart).
Thereby, the current price remains well above 7, 21 & 100-DMAs with bullish DMA crossovers.
For now, more rallies seem to be on the cards as both leading oscillators (RSI & Stochastic curves) show overbought pressures and the upward convergence to the prevailing upswings signals buying momentum.
On a broader perspective, hammer occurrence at 0.8469 levels that takes-off rallies decisively above EMAs, bulls in major trend prolong range-bounded trend.
While both leading & lagging oscillators are quite indecisive but bullish bias.
Prior to which bulls attempted to breakout prolonged range-bounded trend on this timeframe but gave up 11-years highs. In this bullish journey, the pair has recovered its gains in just 2-months (i.e. the rallies that were wiped off from the last 6-months).
The prevailing prices have settled in the lower range between the 0.9500 highs around 0.9200 lows. A decline through 0.8975-0.8930 is needed to suggest a deeper setback towards 0.8750–0.8600 is developing.
Overall, we are monitoring current price action to determine whether the move to 0.9500 was a false break of the medium-term range highs, or whether we test above 0.9802 level.
Trade tips: On trading perspective, at spot reference: 0.8950 levels, contemplating above explained technical rationale, it is advisable to trade one-touch call option strategy using upper strikes at 0.9050 levels, the strategy is likely to fetch leveraged yields as the underlying spot FX keeps spiking further towards upper strikes on the expiration.
Alternatively, ahead of ECB monetary policy that is scheduled today, long hedges via EURGBP CME futures of June deliveries are activated with an objective of arresting foreseeable upside risks.
