- Cable has recovered almost 88 pips from the low of 1.35804 made today. The minor jump in Pound sterling was mainly due to positive economic data for UK. UK construction sector has shown a good rebound in the month of Apr. It came at 52.5 compared to forecast of 50.5. The pair declined almost more than 700 pips in past two weeks on weak economic data and Brexit uncertainty.
- On the higher side, nearby resistance is around 1.3689 (55- H EMA) and any break above targets 1.3740 (38.2% fibo)/1.3770/1.3800. Any break above 1.3800 confirm minor bearish invalidation and a jump till 1.4000 is possible.
- The near term major support is around 1.35800 and any break below will drag the pair down till 1.3500.
It is good to buy on dips around 1.3640-45 with SL around 1.3600 for the TP of 1.3760/1.3800


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY partially recovers early session losses
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Eyeing 95.00: Bullish Trend Holds Amid Strategic Consolidation
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: NZD/USD softens on Iran peace talk failure 



