NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
Major resistance- 12400
DAX30 is trading weak for a third consecutive week and declined more than 1000 points on the economic crisis. Global stock markets are under pressure as Swiss banking giant Credit Suisse is in deep trouble. Its five-year credit default swaps (CDS) rose by six basis points to close to 248 bpbs, the highest level since 2008 (Lehman brothers moment). Any default by Credit Suisse and Deutsche banks will drag the DAX down to 10000.
German treasury yields rose the previous week after a double-digit German inflation rate.
On the flip side, near-term support is around 11800 and any violation below will drag the index down to 11200/10000. The major weakness is only below 9875.
The near-term resistance is around 12150 and any break above will take the index to next level till 12400/12550/13000.
It is good to sell on rallies around 12380-400 with SL around 13000 for the TP of 10000.
