FxWirePro- Major Pair levels and bias summary 
EURGBP Breaks Above 0.8700 on Euro Surge: Bullish Momentum Builds Toward 0.8800+? 
FxWirePro: USD/JPY slides below 154 level, scope for further downside 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR recovers slightly but bears are not done yet 
NZD/JPY Slips as Yen Strength Returns: Bears Eye Deeper Drop Toward 90.00 
Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target 
FxWirePro: USD/ CNY outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD climbs to fresh three-year high amid hawkish RBA expectation 
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support 
GBP/JPY Slips Below 210 as Yen Surge Turns Rallies into Selling Opportunities 
FxWirePro: EUR/ NZD neutral in the near-term, scope for downward resumption 
The pair trades flat despite policy divergence between the BOE and ECB. Intraday bias remains bearish as long as resistance 0.8380 holds. It hit an intraday low of 0.82710 and is currently trading around 0.82844.
Technical Analysis
The pair is currently trading below the 34- and below 55-EMA on the 4-hour chart.
- Bearish Trend Confirmation: Any break below 0.8260 confirms an intraday bearish trend. A drop to 0.8220/0.8190 is likely.
- Near-Term Resistance: Current resistance is around 0.8300. Any violation above will push towards 0.8340/0.8380/ 0.8400/0.8450/0.8470/0.8500/0.8580. The bearish outlook would be invalidated only if the price goes above 0.8500.
Indicator Analysis (4-hour chart)
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Trading Recommendation
It is good to sell on rallies around 0.8300 with a stop loss around 0.8340 for a target price of 0.8220.
