• GBP/USD fell on Wednesday as the dollar regained strength, driven by expectations of increased fiscal spending, higher tariffs, and stricter immigration under the new U.S. administration
• GBP/USD got a brief boost before paring those gains as data showed stronger than expected jump inBritish consumer inflation in October.
• At GMT 17:05, the pair was trading down 0.23% at 1.2631, retreating from daily high 1.2719.
• Technical signals are bearish as RSI is heading down at 33, daily momentum studies 5, 9 and 11 SMAs are trending down.
• Immediate resistance is located at 1.2716( 38.2%fib), any close above will push the pair towards 1.2759 (SMA 9)
• Strong support is seen at 1.2602(23.6%fib) and break below could take the pair towards 1.2574(Lower BB).
Recommendation: Good to sell around 1.2640 with stop loss of 1.2700 and target price of 1.2560


FxWirePro- Major European Indices
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro- Major Pair levels and bias summary
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: USD/JPY edges up as yen dips after soft household spending data 



