AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD turns lower as USD regains footing 
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red 
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge 
FxWirePro: GBP/USD slips as dollar rebounds from six-week low 
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support 
Refer GBP/CHF chart on Trading View
- Brexit woes show little sign of dissipating anytime soon, GBP to remain under pressure.
- Growing concerns regarding the UK's ability to avert a hard Brexit weigh heavily.
- GBP/CHF is extending grind lower. 'Death Cross' formation on daily charts reinforces weakness.
- Momentum with the bears. Next bear target lies at 61.8% Fib at 1.2845 ahead of 1.2745 (Oct 6 low).
- Of relevance on the data front is the reading for UK Q4 GDP data that will come on Friday.
- Upbeat reading could lend the pound some much-needed demand which is otherwise on the decline due to the political uncertainty.
- On the flipside, 21-EMA is strong resistance at 1.3022. Decisive break above could see upside till daily cloud.
Support levels - 1.2845 (61.8% Fib), 1.2745 (Oct 6 low), 1.2570 (78.6% Fib)
Resistance levels - 1.2942 (5-DMA), 1.3022 (21-EMA), 1.3101 (50-DMA)
Recommendation: Stay short on upticks, target 1.2845/ 1.2745
FxWirePro Currency Strength Index: FxWirePro's Hourly GBP Spot Index was at -64.6408 (Neutral), while Hourly CHF Spot Index was at 30.9837 (Neutral) at 0715 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
