GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/AUD moves lower on weak UK data 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro- Woodies Pivot(Major) 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
On daily plotting of EURGBP, So far the minor trend has been oscillating between sloping channels.
But the bulls have managed to break-out channel resistance, consequently, the current trend spikes above DMAs with bullish crossovers and goes sideways. On the contrary, Shooting stars & Gravestone doji patterns occurs at 0.8921 and 0.8926 levels respectively.
These candlestick patterns are bearish in nature signal weakness, for now, the trend seems slightly bearish bias.
On broader perspectives, bearish engulfing and shooting star patterns have occurred at peaks of the major uptrend, as a result, these bearish patterns hamper the momentum in previous rallies.
Consequently, the current trend has attempted to slide below 7EMAs, but these bearish sentiments are not backed by both leading oscillators but lagging indicators are indecisive.
For now, the stiff resistance is observed at 0.8973 and the strong supports are at 0.8685 levels. While in the medium term, a range between 0.8250 and 0.9032 is expected.
The prices are consolidating at around the higher-point of the above-stated range (the current 0.8816) even though the minor trend studies remain a little “overbought”, warning the upside is limited in the long term. We are watching the cross in conjunction with the key levels in the legs highlighted above.
Leading oscillators have been little indecisive, even though RSI shows gaining strength in monthly terms.
Contemplating above shot term technical rationale, at spot reference: 0.8923 levels, you can place trades to construct boundary binary options spreads using upper strikes at 0.8953 and lower strikes at 0.8895 levels, these leveraged instruments are likely to fetch magnified effects in payoff structure as long as underlying spot FX remains between these two strikes on expiration.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 40 (which is bullish ahead of ECB’s monetary policy), while hourly GBP spot index was at 53 (bullish) while articulating at 05:56 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
