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FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
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FxWirePro- Major Pair levels and bias summary 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
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FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
- 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
