Sterling spikes across the board on Merger and Acquisition (M&A) news, pushing GBP/USD to session highs.
- Sterling rises to near three-week high of 1.5388, on m&a news, SABMiller accepts GBP 68bn AB InBev takeover offer
- Upside in the pair is now is being capped around 0.5387, resistance at 1.5383 daily kijun remains firm
- Markets await UK's inflation data due ahead and German ZEW Survey for further direction
- Cable is currently trading at 1.5362, with immediate resistance 1.5382, and support on the downside at 1.5318 (200 DMA)
- If the headline and core number tick higher, the pair could easily take out the immediate resistance at 1.5411 (50-DMA) and rise to 1.5483 (100-DMA)
Resistance Levels:
R1: 1.5382 (Daily High Oct 9)
R2: 1.5383 (Kijun-Sen)
R3: 1.5409 (38.2% Fib of 1.4567-1.593)
Support Levels:
S1: 1.5315 (Daily Low Oct 12)
S2: 1.5318 (200 DMA)
S3: 1.5301 (Daily Low Oct 9)


GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
AUDJPY Holds Steady on New Year's Eve Lull: Bullish Bias Intact Above 103.80 – Buy Dips Targeting 107
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50
FxWirePro: EUR/NZD steadies above 2.0400, retains bid tone
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
NZDJPY Breaks Lower: Bearish Bias Strengthens as Trendline Support Crumbles
Bitcoin's Brutal 2025: Down 6.7% YTD, Hovering at $88K – Buy the Deep Dip at $67K Targeting $125K?
GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
FxWirePro: NZD/USD bears regain grip as greenback firms
FxWirePro: AUD/USD sustains gains as uptrend remains strong
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



