EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
• GBP /AUD strengthened on Friday as slightly weaker Australian dollar upbeat UK retail sales data boosted the pair.
• British retail sales resumed their post-lockdown recovery in June. Retail sales rose by 0.5% in June from May.
• The pair hit daily high at 1.8569 and was last trading at 1.8667 at (GMT 18:34).
• Technical signals are bullish as RSI is at 67, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.8694 (23.6%fib), any close above will push the pair towards 1.8717(Higher BB).
• Immediate support is seen at 1.8631 (5DMA) and break below could take the pair towards 1.8571 (38.2%fib).
Recommendation: Good to buy on dips around 1.8660, with stop loss of 1.8580 and target price of 1.8740.
