EURGBP showed a minor sell-off ahead of the BOE monetary policy decision. Intraday bias remains bullish as long as support 0.8600 holds. It hits an intraday high of 0.87306 and is currently trading around 0.870361.
Technical Analysis
The pair is currently trading above the 55 and 200-EMA and 365-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.8680 confirms an intraday bearish trend. A drop to 0.8630/0.8600/0.8560/0.8520/0.8480 is likely. Near-term support is around 0.8630.
Near-Term Resistance: The near-term resistance is around 0.8765. Any violation above will take the pair to 0.8800/0.8850.
Indicator Analysis (4-hour chart)
CCI (50): Bullish
Average Directional Movement Index: Neutral
Trading Recommendation
It is good to buy on dips around 0.8648-50 with SL around 0.8600 for a TP of 0.8800.


GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro: GBP/NZD gains some upside momentum but still bearish
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 



