FxWirePro- Major European Indices 
FxWirePro-Major European Indices 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
Chart - Courtesy Trading View
Spot Analysis:
GBP/CHF was trading 0.09% lower on the day at 1.1200 at around 07:15 GMT.
Previous Week's High/ Low: 1.1268/ 1.1104
Previous Session's High/ Low: 1.1256/ 1.1179
Fundamental Overview:
Upbeat prints of second-tier UK data fail to overcome inflation woes. Traders fear that the UK inflation woes are strong enough to derail recently upbeat statistics.
Caution seen ahead of the key public appearance of Bank of England (BoE) Governor Andrew Bailey.
Selling pressure continues despite solid UK Retail Sales. British Retail Consortium (BRC) reported UK Like-for-Like Retail Sales (Dec) climbed to 6.5% vs. the former release of 4.1% on an annual basis.
Technical Analysis:
- GBP/CHF trades within the daily cloud
- Recovery attempts capped at 21-EMA
- Stochs are biased higher, RSI flat below 50
- MACD is on verge of bullish crossover on signal line
Major Support and Resistance Levels:
Support - 1.1191 (5-DMA), 1.1055 (Lower BB)
Resistance - 1.1230 (1-EMA), 1.1276 (55-EMA)
Summary: GBP/CHF finds stiff resistance at 21-EMA. Watch out for decisive break above for further upside.
