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FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro- Major Pair levels and bias summary 
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Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
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Major Pair Action Bias: Bullish Pairs to Watch Out For 
• GBP/AUD rose on Friday as the pair was swept up in global market swings that weakened the Australian dollar broadly.
• News of a new, possibly vaccine-resistant coronavirus variant spooked global financial markets on Friday.
• Technical signals are bullish as RSI is at 66, daily momentum studies 5 ,11 and 21 DMA’s are trending up.
• Immediate resistance is located at 1.8768 (23.6%fib ), any close above will push the pair towards 1.8800 (Psychological level).
• Strong support is seen at 1.8666 (38.2%fib) and break below could take the pair towards 1.8582 (50%fib).
Recommendation: Good to buy on dips around 1.8700 with stop loss of 1.8500 and target price of 1.8800.
