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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Major Pair levels and bias summary 
- Major resistance- 1.4250
- Cable has declined almost 40 pips after hitting high of 1.42232on account of slightly weaker than expected UK manufacturing production data. The pair upside movement was supported by hawkish statement by MPC member Ian McCafferty. He said that BOE should not delay hiking interest rate. It is currently trading around 1.41870.
- UK manufacturing production came at -0.2% for the month of Mar compared to forecast of 0.2%.The data shrank for the first time in 11 months. Technically on the lower side, near term support is around 1.4180 and any break below will drag the pair down till 1.4120/1.4070.
- The near term resistance is around 1.4220 and break above will take the pair till 1.4245/1.4300. The pair should break above 1.4250 for further upside.
It is good to buy on dips around 1.4155-60 with SL around 1.4120 for the TP of 1.4245/1.4300.
