- Harmonic Pattern – Bearish Bat pattern.
- Potential Reversal Zone (PRZ)- 148.15
- GBP/JPY is consolidating in narrow range between 146.93 and 145.14 for the past three trading session. The pair formed minor bottom around 138.67 and any further weakness can be seen only below that level. It is currently trading around 146.55.
- GBP was trading weak against dollar after weaker than expected UK manufacturing PMI and construction PMI data. Market awaits UK services PMI and FOMC minutes meeting today for further direction.
- On the lower side, near term support is around 145.02 (23.6% retracement of 138.67 and146.93) and any break below will drag the pair down till 143.58 (21- EMA)/142.75 (55- EMA).
- The near term resistance is around 147 and any break above will take the pair till 148.10 (May 10th 2017)/150.
It is good to sell on rallies around 146.70-146.75 with SL around 148.11 for the TP of 144.55/142.75.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major) 



