- Upbeat UK labor market and wage data, pushed EUR/GBP to a daily low of 0.7840 levels on Wednesday.
- The pair is firmer on the day and is now testing session highs in the vicinity of the key barrier at 0.7900.
- Market focus on the Bank of England rate decision and minutes release where the central bank is expected to keep rates unchanged with a unanimous vote.
- EUR/GBP upside seen pausing at the 0.79 handle. Only breaks above could see further bullishness.
- 0.7897, which is double top on Feb 11th and 29th is strong resistance for the pair, breaks above could see test of 0.7928 and then 0.7955 levels.
- On the downside, supports are aligned at 0.7823 (5-DMA), then 0.7787 (10-DMA) and further below at 0.7735 (Mar 14th lows).
- Charts indicate upside in the pair, RSI is strong at 62 with ample room to run, Stochs are biased higher and a bullish MACD line crossover on signal line seen.
Recommendation: Good to long breaks above 0.79, SL: 0.7820, TP: 0.7955/0.7975/0.80


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



