EUR/GBP advances beyond 0.7800 ahead of UK labour market data, extending gains after solid performance of the shared currency overnight.
- Offered tone in the sterling extends higher ahead of the upcoming UK labour market data.
- Expectations are for the Claimant Count Change decreasing by 1.4K during January, while the jobless rate is expected to tick lower to 5.0% from 5.1% in the previous month.
- The risk-off trade seems to be back to the global markets at the end of the Asian session pushing higher the demand for EUR.
- Technicals indicate further upside, moving averages are biased higher, and so is the momentum as indicated by daily Stochs.
- 5-DMA at 0.7782 is immediate support on the downside, while 0.7850 (Feb 9th highs) is immediate resistance on the upside.
Recommendation: Buy dips around 0.7820, SL: 0.7780, TP: 0.7850/0.79


FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro- Woodies pivot (Major)
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro- Major Pair levels and bias summary 



