- EUR/GBP opened with a bearish gap down and hit fresh monthly lows at 0.7749.
- The pair has broken below strong trendline support at 0.7780 and price action has dipped into the cloud.
- The pair has closed the bearish gap and has edged higher as markets await German IFO data due later today.
- Consensus expectation is for a generalized albeit slight improvement during the current month. Any disappointment could drag the pair lower, tests of 0.7680 then likely.
- Immediate supports are located at 0.7735 (March 14th lows), 0.7683 (110 EMA) and 0.7645 (cloud base).
- On the upside, resistance is seen at 0.7795 (session high and trendline), 0.7826 (55-EMA) and 0.7842 (5-DMA).
- On the technical side, major moving averages are biased lower, momentum studies are bearish.
Recommendation: Good to sell rallies around 0.7790/0.78, SL: 0.7850, TP: 0.7750/0.7735/0.77/0.7680


FxWirePro: GBP/AUD moves lower on weak UK data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



