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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: NZD/USD softens on Iran peace talk failure 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level 
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- GBP/USD has declined more than 160 pips sharply after more dovish BOE monetary policy. BOE has kept its interest rates unchanged at 0.5% and said inflation has fallen more than expected. In addition Interest rates is expected to rise at a gradual pace. The pair hits low of 1.3460 and recovered sharply after weaker than expected US CPI data. US CPI came at 0.2% for the month of Apr compared to forecast of 0.3%. Cable jumped till 1.35820 and is currently trading around 1.35759.
- On the higher side, 1.3620 will be acting major resistance and any convincing break above will take the pair slightly till 1.3640 (55- 4H EMA)/1.36659. Major trend reversal only above 1.4000.
- The near term support is around 1.3460 and any break below will drag the pair till 1.3400/1.3345.
It is good to buy on dips around 1.3500 with SL around 1.3460 for the TP of 1.3620/1.3680.
