FxWirePro- Major Pair levels and bias summary 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
- GBP/JPY has halted its 6 days of weakness and has jumped almost 90 pips from the low of 145.46. The pair has lost more than 350 points in previous week. GBP is trading higher for the third consecutive day and jumped till 20- day MA at 1.3715 on account of broad based US dollar selling and short covering UK’s weak economic data and Brexit uncertainty will prevent further upside in pound sterling. A weaker than expected UK macro data would dampen the chance of rate hike by BOE in August month. The pair hits intraday low of 146.50 and is trading around 146.20.
- The pair is facing strong resistance at 146.60(20- day MA) and any break above will take the pair till 147.17 (55- day EMA)/148.18.
- On the lower side, near term support is around 145 and any break below will take the pair to next level till 144.35/143.
It is good to sell on rallies around 146.25-30 with SL around 146.70 for the TP 145/144.35.
