- Pick up in the demand for the British pound seen in the Asian session today, EUR/GBP snapped two consecutive sessions of gains.
- The pair faded yesterday’s spike to fresh highs above 0.8379, slipped lower to currently trade around 0.8320 levels.
- The pair finds stiff resistance at 0.8330 levels (converging trendlines). Decisive break above could see further upside.
- Techs on weekly charts are heavily bullish, Stoch RSI and MACD show scope for further upside.
- Supports are seen at 0.8176 (session low) and then 0.81. While on the upside resistance is located at 0.8330 ((converging trendlines), 0.84 and 0.8440 (high for the week ending Dec 9th).
- Fitch and S&P have downgraded the UK’s credit rating to AA/negative. Focus now remains on the EU Leaders Summit due ahead in the EU session.
Recommendation: Good to go long on close above 0.8330, SL: 0.8180, TP: 0.84/ 0.8470/ 0.8585/ 0.86


EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: AUD/USD range bound ahead of RBA policy decision
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 



