Cable breaks minor support 1.5050 after release of weaker than expected UK Construction PMI.
- UK Construction PMI came at 55.3 in Nov compared to forecast of 58.2. Sterling falls till 1.50316 after weaker PMI data.
- Intraday Trend - Bearish
- The pair has broken major intraday support 1.5050 and confirms minor weakness, a decline till 1.5000 is possible.
- On the higher side major resistance is around 1.5105 and break above targets 1.5130/1.5160.
It is good to sell on rallies around 1.5050-055 with SL around 1.5080 for the TP of 1.5000/1.4980


Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
AUD/JPY Technical Outlook: Range-Bound Trading Amidst Emerging Bearish Pressure
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro- Major European Indices
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation 



