FxWirePro: GBP/USD up in Asian trade, sees strong resistance at 1.5474
Thursday, July 9, 2015 6:03 AM UTC
- GBP/USD up 20pts in Asian trade; day's range 1.5355-1.5413. Bearish setup remains intact, with daily price action dipping into cloud.
- Domestically, following the release of the RICS house price survey overnight, the only scheduled event is the announcement of the Bank of England MPC policy decision. No change is expected and a 'standard' statement likely.
- At the time of writing the pair trades at 1.5380, with supports at 0.5367 (75% Fibo of 0.5190-1.5909 rise) and 0.5330 (July 8 low)
- Strong resistance is seen at 1.5474 (61.8 % Fibo of 0.5190-1.5909 rise) and 55 EMA
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: GBP/AUD moves lower on weak UK data 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
