
- The euro rose to a 5-day peak against the British pound as investors priced in looser financial conditions under Britain’s new finance minister.
- Moreover, lingering worries about economic ties between Britain and the European Union further dented the bid tone around the British currency.
- EUR/GBP is trading 0.1 percent up at 0.8336, having hit a low 0.8295 on Thursday, its lowest since December 13.
- Technical indicators are bearish: RSI weak at 36, MACD supports downside and Stochs are at oversold levels
- Immediate resistance is located at 0.8367 (7-EMA), a break above could take it near 0.8387.
- On the downside, support is seen at 0.8308, a break below could drag it till 0.8275.
Recommendation: Good to sell on rallies around 0.8328, with stop loss of 0.8336 and target price of 0.8308.


FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro- Major Pair levels and bias summary
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: AUD/USD holds narrow range, focus on near-term support 



