Cable has broken major support 1.5360 after release of BOE Inflation report. BOE inflation report says CPI inflation expected to remain below 1% until second half of 2016.
- The dampening effect of sterling rise to persist after H2 of increase in interest rate will happen only in first quarter of 2017.
- Technically it has broken major support 1.5350 and declined till 1.5280. Overall trend is weak as long as resistance 1.5360 holds.
- On the downside any break below 1.5280 confirms further weakness, decline till 1.5200 is possible .
- Slight bullishness only above 1.5400.
It is good to sell on rallies 1.5295-1.5300 with SL around 1.5351 for the TP of 1.5200


FxWirePro- Major European Indices
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Woodies Pivot(Major)
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD downside pressure builds, key support level in focus
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Crypto levels and bias summary 



