AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
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FxWirePro: USD/ZAR bears maintain upper hand 
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FxWirePro-Major European Indices 
FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
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FxWirePro: GBP/NZD remains bullish as rally continues 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
Chart - Courtesy Trading View
EUR/GBP was trading 0.15% higher on the day at 0.8739 at around 16:20 GMT, edges higher from session lows at 0.8691.
The British pound pops following monetary policy decision of the Bank of England, rising rates by 50 bps to the 2.25% mark.
The central bank also said that it would continue to “respond forcefully, as necessary” to elevated prices.
Further, the MPC voted to reduce the BoE’s GBP 838 Billion by 80 billion pounds over the coming year.
The pound edged higher after the rate hike, but quickly gave up all gains after the BoE’s projected a 15-month recession, likely to begin by the year’s end.
EUR/GBP has bounced off 200H MA support, price action hovers around 5-DMA, close above will see more upside.
Momentum to remain with the bulls as long as price action holds above 200-week MA.
