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EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187 
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GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout 
EUR/GBP was rejected at cloud base by 0.7196 on Friday. The pair has retraced from 0.7196 levels, was modestly bid in Asia, 0.7126 - 0.7146 range and is currently trading at 0.7141.
- Techs continue to suggest that cloud base/100 DMA will stem further rises, pair has broken below 10 DMA at 0.7141, suggest further downside for now, test of 0.7041 (Nov 5th lows) likely
- The pair has immediate resistance at 0.7196 (Daily Cloud Base) and support on the downside at 0.7108 (Daily Low Nov 8)
Recommendation: Good to sell rallies around 0.7140/50, SL: 0.72, TP: 0.7045
Resistance Levels:
R3: 0.7205 (100 DMA)
R2: 0.7199 (Daily High Oct 30)
R1: 0.7196 (Daily Cloud Base)
Support Levels:
S1: 0.7108 (Daily Low Nov 8)
S2: 0.7043 (11 Wk Low Nov 5)
S3: 0.7027 (Daily Low Aug 18)
