EUR/GBP fades a spike to 0.7790, quickly reversing gains post downbeat UK industrial output data.
- UK's total industrial production in December dropped by 1.1%; it's lowest output level since September 2012, while the manufacturing production, also missed estimates, falling 0.2% m/m.
- Markets already priced-in a weak print, focus now on Yellen's testimony due later in the NY session.
- Immediate resistance for the pair lies at 0.7850 (Feb 9th highs), while support on the downside lies at 0.7745 (5-DMA).
- Further bullishness can be seen only on breaks above strong trendline resistance currently at 0.7860, tests of 0.79 and then 0.8040 levels likely.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro- Major US Indices
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 



