- Cable lost almost more than 180 pips in the previous week and continuing its weakness in this week after breaking low of 1.37473 (Apr 27th low). The pair declined almost more than 40 pips and hits intraday low of 1.37126 and is currently trading around 1.37231. The main reason was weak UK GDP data released on Friday. The continuous weak UK economic data and Brexit uncertainty will postpone rate hike by BOE.
- In daily chart, the pair is trading near long term support at 1.3710 and any close below confirms further weakness, a dip till 1.36500.
- On the higher side, nearby resistance is around 1.3800 and any break above targets 1.38650/ 1.3925/1.3960/1.4000. Any break above 1.4000 confirm minor bearish invalidation and a jump till 1.4100 is possible.
It is good to buy on dips around 1.3725-30 with SL around 1.3700 for the TP of 1.3865/1.3900.


NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/CNY partially recovers early session losses
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/JPY edged higher as dollar gains as peace talks falter
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major European Indices
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: NZD/USD softens on Iran peace talk failure
NZD/JPY Eyeing 95.00: Bullish Trend Holds Amid Strategic Consolidation
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: AUD/USD bulls struggles as upside momentum fades 



