GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
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FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
- Harmonic Pattern- Bullish Cypher Pattern
- Potential reversal Zone (PRZ) -1.10500
- The bullish cypher pattern becomes invalid only if it breaks above 1.10450.
- The pair has made a high of 1.10305 and declined from that level. Overall trend is still weak as long as resistance 1.10450 holds. Any break above 1.10450 will take the pair till 1.1070/1.1090 level.
- The market awaits highly anticipated FOMC meeting on Dec 16th. Fed is expected to hike interest rates by 25bpbs to 0.50%.
- On the lower side major support is around 1.0900 and break below will drag the pair further down till 1.0830/1.07850 level.
It is good to sell on rallies around 1.09850-1.0990 with SL around 1.1050 for the TP of 1.0900/1.0830.
