- EUR/GBP trades a narrow 15 pips range ahead of the European session, day's high at 0.7636 and lows at 0.7621.
- The pair has been trading a falling wedge pattern since April 2016.
- After a brief break below, the pair has managed to edge higher and is currently holding above wedge base support at 0.7613.
- Mixed sentiment prevailing in the markets amid moderately higher Asian indices and falling oil prices.
- Traders continue to closely watch the latest Brexit polls, garnering further support for anti-Brexit camp, in absence of macro news from the UK docket.
- Immediate support is seen at Wedge base by 0.7613. Next major supports align at 0.7550 (50%Fib), 0.7525 (Tripple bottom Jan 15th, Jan 22nd, Feb 3rd) and then 200-DMA at 0.7522.
- Resistance on the upside is seen at 0.7641 (5-DMA), 0.7683 (38.2% Fib), 0.7676 (10-DMA).
- Weekly charts support downside, bearish invalidation only above 0.77 levels.
Recommendation: Sell rallies around 0.7630, SL: 0.77, TP: 0.7550/0.7525


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



