• GBP/USD dipped on Friday after UK november retail sales unexpectedly contracted, highlighting continued pressure on consumer demand.
• Retail sales fell 0.1% month on month, sharply missing expectations for a 0.4% increase, while government borrowing also came in higher than forecast, adding to concerns over the UK’s fiscal position.
• The move pushed cable to its lowest level since Thursday, retreating from a nine-week high of 1.3460 touched earlier in the week.
• Thursday’s session low stood at 1.3361, recorded ahead of a cautious interest-rate cut by the Bank of England and softer U.S. CPI data, which had temporarily supported sterling.
• Immediate resistance is located at 1.3450( Dec 18th high), any close above will push the pair towards 1.3498(61.8%fib)
• Strong support is seen at 1.3348(50%fib) and break below could take the pair towards 1.3306(SMA 20).
Recommendation: Good to buy around 1.3350, with stop loss of 1.3250 and target price of 1.3450


FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 



