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The GBP/USD's ascending trend-line and 38.2% Fibonacci level of the 1.2204-1.3422 positive move. The mentioned support also near 50-day SMA, which if broken might be seen as a key trigger for bearish traders and set the stage for a near-term downfall. The pair then might turn vulnerable to break below the 1.2900 handle and slide further testing 50% Fibo. support...

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Despite the single currency's rise to a 4-month peak at 1.1199 in December, subsequent selloff to 1.1067 yesterday suggests medium-term upmove from 1.0880 (October) has made a temporary top there and consolidation with downside bias remains for stronger retracement to 1.1041, then 1.1050/55 however, support at 1.1004 should remain intact and yield rebound later.

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The RSI has recovered significantly from the oversold levels at 22.22 last week to 77.77. As long as it sustains above 70, BTC could have the potential to close in on $8,000. Due to the slightly overbought condition, Bitcoin could end up in a reversal in the near term. However, initial support is seen at $7,500 followed by the 100 SMA at 7,191 on the 4-hour chart...

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The Bank of England left its monetary policy unchanged as expected. UK Q3 GDP and Commons voting on the Brexit bill this Friday. GBP/USD pierced 1.3000, retains its bearish stance in the short-term.

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The EUR/USD pair has turned bearish in the short term, as it hovers around the 38.2% retracement of its December rally at 1.1115, the immediate resistance, with 1.1065 coming at sight. This last has provided support/resistance in the last couple of weeks, while also stands for the 61.8% retracement of the mentioned rally.

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The BTC/USD pattern breaks it could indicate some more bullishness on the horizon. The bulls will be aiming for the 7,445.00 high. Beyond that, there is another resistance at 7,296.44.

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BTC/USD is a the mercy of the bears, following critical $7000 breach earlier in the week. Eyes are on a test of the breached zone $7000-6800 which was seen on Tuesday.

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EUR/USD is looking south and could drop to the 50-day average support at 1.1080. The pair repeatedly faced rejection above the 200-day average in the four days to Dec. 17 and fell by 0.32% on Wednesday, violating the trendline rising from Nov. 29 and Dec. 11 lows.

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UK inflation came in slightly better than anticipated in November, still below BOE’s target. UK PM Johnson speeding Brexit preparations, to announce government’s priority this Thursday. GBP/USD will likely accelerate its decline on a break below 1.3050 the immediate support.

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UK PM Johnson plans to prevent an extension of the Brexit’s transition period. UK employment data mixed, wages’ growth above expected. GBP/USD at risk of extending its slump after piercing 1.3100.

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Bitcoin price is trading in negative territory, down some 1.90% in the second half of the session. BTC/USD continues to be firmly locked within the market bears control, following the $7000 breach. The next major area of interest will be sought down at $5000 as seen via the weekly.

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Short-term range guide between 1.1111 and 1.1187 with additional resistance from a cluster of prior highs between 1.1173 and 1.1179 made between October 18 and November 4. Last Thursday’s high print at 1.1200 has broken a series of lower highs but again this needs to be confirmed over the next few days to embolden EUR/USD bulls.

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The market is forming a head-and-shoulders pattern. However, if the spot overcomes the 1.1151 level to the upside, the pattern is likely to be invalidated as bulls would likely target the 1.1186 and 1.1220 levels on the way up. However, a break below the 1.1104 support can lead to weakness towards the 1.1062 and 1.1027 price levels.

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BTC/USD has fallen below the $7,000 mark, which was a key psychological level. The four-hour BTC/USD market is trending in a downward channel formation. Chainalysis released a report stating that a massive Ponzi scam triggered the drop below the $7,000-level. A possible resolution of the US-China trade war and Brexit has been detrimental to safe-haven assets like Bitcoin.

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GBP/USD plummets amid hard Brexit fears. Conservatives’ victory will help the UK PM pass the bill to rule out EU transition beyond 2020. The UK employment data, political headlines will be the key to watch.

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GBP/USD pair is bullish according to the daily chart, as, despite the sharp retracement from multi-month highs, the pair is trading around its former yearly highs. Technical indicators in the mentioned chart maintain their upward slopes within overbought levels, while the pair is further above a firmly bullish 20 DMA. I

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After flirting with 1.120 and reaching a 1-month high, the EUR/USD pair trimmed half of its weekly gains on Friday, ending the day in the red at 1.1116.

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Bitcoin crowns the weekend session with little not action. Defending the support at $7,000 remains to be among the bulls’ top priority. Reclaiming the support at $7,200 will boost Bitcoin towards the much-needed triangle breakout.