NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 
FxWirePro: USD/ZAR gains some ground, but downtrend remains 
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FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data 
FxWirePro: GBP/AUD eases slightly, focus on near-term support 
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report 
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/FxWirePro-EUR-GBP-acts-as-per-our-whim-fancy-Quarterly-technical-review-and-road-map-for-long-term-investors-201714/&media=https://f1.econotimes.com/2016/04/q16bipw16l.png&description=FxWirePro: "EUR/GBP acts as per our whim fancy" - Quarterly technical review and road map for long term investors - EconoTimes)
Glimpse on historical evidences:
We don’t think this pair needs our much emphasis if you refer our earlier write ups, please follow below links for more insights:
- http://www.econotimes.com/FxWirePro-EUR-GBP-spikes-capitalizing-on-Brexit-risks-technicals-risk-reversals-favor-signal-upside-risks-hedge-payable-exposure-with-CRBS-156673
- http://www.econotimes.com/FxWirePro-Watch-out-for-EUR-GBP-bullish-potential-above-resistance-at-07843-bulls-bet-on-highs-lows-binary-call-180544
- http://www.econotimes.com/FxWirePro-3-white-soldiers-trigger-EUR-GBP-long-term-bullish-reversal-trend-continuation-is-subject-to-sustenance-of-50-retracement-180558
- http://www.econotimes.com/FxWirePro-EUR-GBP-5-months-uptrend-seems-restrained-at-618-Fibos-break-out-below-channel-base-signals-more-bearish-pressures-197134
Caution of bull swings raised in 1st call (on Feb 07th) and advocated CRBS option hedging strategy accordingly, simultaneously we’ve also stated explicitly that the forecasts for EURGBP by H2 2016 at 0.78 owing to the risk premium for Brexit in the GBP TWI, (comparing 0.78 with spot FX at 0.7795).
“0.80” is what had been targeted in 2nd and 3rd calls if you referred above calls, the currency cross has pretty much achieved the targets and for now profit booking is seen in this pair considering significant UK referendum is approximately 2 months away from now, we may foresee .
Upon targets accomplishment, the bearish swings were anticipated and evidenced as stated in 3rd article upon breach below channel base (EUR/GBP 5-months’ uptrend seems restrained at 61.8% Fibos).
Road ahead:
Corrections below 61.8% & 50% fibo but more potential in this uptrend can be dependent on sustenance above resistance which is missing here, to substantiate daily technical indicators still signal no buying interests.
On EOD technical charts the down-streaks have now tested supports 0.7754 and bounces slightly but remains well below 21DMA.
Although tests supports at 0.7754, either speculative bear swings or likely to drift in sideways in short run, however the major trend still in bullish favour.
In contrast, if it manages to hold onto 0.7754, then there is no doubt in bulls resuming over the rallies back again, which could target 0.80 again.
