FxWirePro- Major European Indices 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Major Pair levels and bias summary 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro- Woodies Pivot(Major) 
Bullish engulfing pattern occurred on this pair ever since it takes the major support at 0.7343 levels.
Since then it has jumped above 7DMA and for now, upswings seems slightly nervous near 21DMA even though the momentum in rallies is still visible.
It is currently trading at 0.7481 levels and leading indicators are converging upwards to the rallies.
Short term trend is mildly bullish bias as long as immediate supports at 0.7431 (7DMA) maintains convincingly.
On the contrary, any break below 0.7431 would drag below to retest of 0.7343 levels in the short term.
On the upside, we foresee next near-term targets around 0.7525 levels upon breach above 0.7505 levels.
Major trend moving in sideways (see price actions in the rectangular area), despite hammer pattern formation on the monthly graph it doesn't seem to evidence upswings. However, a decisive breach above 7EMA (on monthly) can be deemed as the change in direction of the trend.
For intraday trading perspective, it is advisable to buy boundary binaries on dips upper strikes at 0.7505 and lower strikes at 0.7431.
