FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro:EUR/NZD extends fall, key support lies ahead 
FxWirePro: USD/ZAR downside pressure builds, key support level in focus 
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral 
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY 
- BTC/EUR trades 5.30% lower on the day as crypto markets saw bloodbath on Thursday's trade.
- Major crypto pairs have seen a sharp drop after a prolonged period of sideways trade.
- Today's drop has likely kick-started a bearish move in the pair.
- Technical studies on the daily charts have turned bearish. Stochs and RSI have fallen sharply.
- Price action has broken down the lower Bollinber Band and we see volatility is rising.
- The pair is trading in a 'Symmetric Triangle' pattern and finds strong support at triangle base at 5355.
- Break below 5355 raises scope for test of 5000 levels. Bearish invalidation only on break above Triangle top.
Recommendation: Good to stay short on break below 5355, SL: 5500, target 5000
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
