• GBP/USD declined sharply on Thursday as worse than expected U.K PMI data weighed on sterling .
• British factory activity contracted at its fastest pace in 11 months in December, with manufacturers reducing staff due to higher taxes and weak foreign demand, a survey showed on Thursday.
•The S&P Global UK Manufacturing Purchasing Managers' Index dropped to 47.0 in December from 48.0 in November, below the preliminary reading of 47.3.
• At GMT 11.30,the sterling was last down 0.52% at 1.2444 against US dollar .
• Immediate resistance is located at 1.2532(Daily high), any close above will push the pair towards 1.2573 (38.2 % fib).
• Strong support is seen at 1.2442(23.6% fib ) and break below could take the pair towards 1.2421(Lower BB).
Recommendation: Good to sell around 1.2460, with stop loss of 1.2540 and target price of 1.2360


FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: GBP/AUD edges lower, downside risk remains
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro:NZD/USD edges lower, bearish outlook persists
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro- Major Pair levels and bias summary
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance? 



