• GBP/USD strengthened on Tuesday as higher than expected UK headline pay growth data supported pound.
• British pay growth picked up in late 2024, reinforcing the Bank of England's cautious stance on rate cuts despite a weak economy.
• Private-sector pay excluding bonuses, the BoE's key inflation gauge, rose 6.2% in late 2024, the fastest pace in a year, up from 5.9% in November, according to the Office for National Statistics.
• The ONS reported that pay across the entire economy, excluding bonuses, rose 5.9% in the three months to December, the strongest growth since April of the previous year.
• Immediate resistance is located at 1.2633(38.2%fib), any close above will push the pair towards 1.2752(23.6%fib).
• Support is seen at 1.2543(50%fib) and break below could take the pair towards 1.2476(Jan 7th low).
Recommendation: Good to buy around 1.2580 with stop loss of 1.2500 and target price of 1.2650


BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: GBP/AUD falls after BoE rate hold
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/AUD edges higher but maintains bearish bias 



