AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line 
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525 
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97 
FxWirePro: EUR/AUD holds narrow range, focus on near-term support 
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout 
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188 
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish 
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000 
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside 
FxWirePro- Woodies pivot (Major) 
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum 
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data 
FxWirePro: AUD/USD softens as risk appetite abates 
EUR/GBP chart - Trading View
EUR/GBP was trading range bound on the day with session highs at 0.8653 and lows at 0.8628.
The British pound buoyed across the board following UK budget announcement on Wednesday.
Markets perceive the budget to improve UK's economic outlook and are pricing in a hawkish BoE rate setting.
Money markets are now pricing in 10bps of interest rate hikes from the BoE by the end of 2022.
Further, positive vaccine developments and expectations of earlier easing of UK’s lockdown restrictions keep sentiment buoyed.
The pair struggles for direction, but technical analysis supports weakness in the pair. Price action is below major moving averages.
Recovery attempts were rejected at 21-EMA and the pair continues to grind sideways along 200H MA.
The pair is set to retest 2021 lows at 0.8538. Further weakness is likely to take the pair lower to test 110-month EMA at 0.8466.
On the flipside, 5-DMA is immediate resistance at 0.8649. Break above 21-EMA required for any meaningful gains.
