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FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD biased higher but rally currently stretched 
- Cable declined sharply after hitting a high of 1.29785 yesterday. The pair dipped till 1.29034 and is currently trading around 1.29255.
- Market awaits US ADP employment and prelim GDP data for further direction. Any positive surprise in the data will drag the GBP further down.
- On the lower side, 12860-1.2840 (200- H MA and 61.8% retracement) and any break below will drag the pair down till 1.2810/1.27738 (Aug 24th 2017 low). Any break below 1.27738 confirms further weakness.
- The near term resistance is around 1.2938 (hourly Tenkan-Sen) and any break above will take the pair till 1.29785/1.3000/1.3030.
It is good to buy on dips around 1.2925-30 with SL around 1.2880 for the TP of 1.2995/1.3030.
