- Pick up in the demand for the British pound seen in the Asian session today, EUR/GBP snapped two consecutive sessions of gains.
- The pair faded yesterday’s spike to fresh highs above 0.8379, slipped lower to currently trade around 0.8320 levels.
- The pair finds stiff resistance at 0.8330 levels (converging trendlines). Decisive break above could see further upside.
- Techs on weekly charts are heavily bullish, Stoch RSI and MACD show scope for further upside.
- Supports are seen at 0.8176 (session low) and then 0.81. While on the upside resistance is located at 0.8330 ((converging trendlines), 0.84 and 0.8440 (high for the week ending Dec 9th).
- Fitch and S&P have downgraded the UK’s credit rating to AA/negative. Focus now remains on the EU Leaders Summit due ahead in the EU session.
Recommendation: Good to go long on close above 0.8330, SL: 0.8180, TP: 0.84/ 0.8470/ 0.8585/ 0.86


FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY caught in narrow range, bias bearish
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 



