FxWirePro: EUR/ AUD neutral in the near term, scope further downside 
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar 
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally 
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve 
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data 
FxWirePro: EUR/AUD slips after surprise U.S. employment data 
FxWirePro: GBP/AUD eases slightly, focus on near-term support 
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 
FxWirePro- Major Pair levels and bias summary 
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data 
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data 
FxWirePro: USD/CNY slips as strong China exports data Lift yuan 
FxWirePro: AUD/USD eases as investors switch focus to RBA 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge 
FxWirePro: AUD/USD eases as investors await U.S. employment figures 
Last Friday, Pound unexpectedly took a big knock in New York session and closed almost 130 points down from the day's high.
After betting on divergence in monetary policies with Euro-area, that kept British Pound well bid throughout the weekend, traders scaled back their position in favor of Dollar. A rate hike from US Federal Reserve is almost a done deal, unless anything big hits economy (both US and world) or financial markets (like Chinese devaluation of Yuan back in August).
Naturally traders, scaled back their positions in favor of Dollar and Pound seemed at quite a high and lucrative. With Friday's drop marking the end of recent correction in Pound/Dollar from 1.505 area, the pair seems to be ready to test the channel floor, which makes sense in light of the coming hike.
Moreover, traders are expecting Bank of England (BOE) to sound dovish in its December meeting.
Trade idea
- Sell GBP/USD in a bid for a touchdown at channel floor, which has remained in place since June this year.
- If touchdown do happen, the pair might reach as low as 1.495 area. Area around 1.523 is good to place stop loss. Pound is currently trading at 1.516 against Dollar.
