Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout 
FxWirePro: USD/CAD eases slightly but trend is still bullish 
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness 
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108 
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR extends decline, scope for further downside 
FxWirePro: GBP/AUD edges lower, bearish outlook persists 
FxWirePro: EUR/ AUD neutral in the near term, scope further downside 
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments 
FxWirePro: USD/CNY edges lower, scope for further downside 
FxWirePro: USD/CNY slips as strong China exports data Lift yuan 
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening 
FxWirePro: NZD/USD retreats as Middle East instability weighs 
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 
- Cable declined sharply yesterday following a 25bpbs hike by BOE. BOE hiked rates as expected for the first time since 2007. But dovish hike by Central bank has pulled down the pound prices well below 1.3100. The pair dipped till 1.30398 at the time of writing. It is currently trading around 1.30439.
- BOE revises potential GDP growth down to 1.5% on account of slack in labor market and slow growth in productivity. BOE is expected to have cautious approach for further rate hike and to have only 3 rate hike of 25bpbs for next three years.
- Technically, pair is trading slightly below 1.3070 low made on Oct 27th 2017 and any break below 1.30270 (Oct 6th 2017) will drag the pair till 1.2780 (233- day MA).
- On the higher side, near term resistance is around 1.3080 (100- day MA) and any break above will take the pair till 1.3130/1.3175 (55- day EMA)/1.3230. Minor trend reversal only above 1.3380.
It is good to sell on rallies around 1.3080 with SL around 1.3150 for the TP of 1.2785.
