FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
- GBP/JPY has shown a further weakness yesterday and lost almost 140 pips on account of weak UK economic data.UK economic data released this week was weaker than expected. UK CPI, wage growth and UK retail sales all three misses estimates. This would prevent BOE to hike rates in August month. The pair hits intraday low of 145.98 and shown a minor jump from that level. Cable lost more than 100 pips yesterday and hits 10 month low.It is currently trading around 146.27.
- The pair is facing strong resistance at 147 (34-day EMA) and any break above will take the pair till 147.30 (55-day EMA)/148.20 (100- day MA).
- On the lower side, near term support is around 146 and any break below will take the pair to next level till 146/145.
It is good to sell on rallies around 146.65-70 with SL around 147.30 for the TP 145/144.35.
Resistance
R1- 146.65
R2 –147
R3- 147.30
Support
S1- 146
S2- 145
S3-144.38
