NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
EUR/GBP chart - Trading View
Technical Analysis: Bias turning Bullish
- EUR/GBP was trading 0.16% higher on the day at 0.8502 at around 10:00 GMT
- The pair is extending previous session's gains, extends break above 21-EMA
- MACD confirms bullish crossover on signal line, adding to the upside bias
- Bullish 5-DMA crossover on 20-DMA adds to the upside bias
Fundamental Overview:
Markets await key Bank of England (BOE) event scheduled for Thursday for further impetus.
CME’s BOEWatch tool shows a 100% probability of a rate hike move during the meetings in November and December.
A jump in the UK’s covid infections, to 40,077 from 38,009 reported the previous day keeps upside limited.
Major Support and Resistance Levels:
Support levels - 0.8472 (21-EMA), Resistance levels - 0.8506 (55-EMA)
Summary: EUR/GBP poised for further upside. Break above 55-EMA will see test of 0.8522. Bullish invalidation only below 21-EMA.
