GBPUSD was trading higher and has jumped more than 50 pips after release of UK retail sales data.UK retail sales grew unexpectedly in the month of Aug. It rose 0.3% compared to forecast of 0.2% decline. Overall retail sales rose 3.4% on yearly compared to 2.1% gain last year. The better than expected retail sales and inflation data will increase the chance of BOE to hike interest rates.
Pound sterling has shown a minor sell-off after Theresa May rejected EU Barnier’s offer on the Irish border. It declined till 1.30985 and shown a good recovery.
On the higher side, major resistance is around 1.32150 and any convincing break above targets 1.3300. Any break above 1.3300 will take the pair to next level till 1.3365/1.3400.
The near term support is around 1.3147 (20- 4H MA) and any break below targets 1.30985/1.30600/1.3000. Any violation below 1.2965 confirms bearish continuation.
It is good to buy on dips around 1.3155-60 with SL around 1.3095 for the TP of 1.3300.


FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 



