- Cable jumped sharply today in European session after a long consolidation. The pair was trading in narrow range between 1.3585 and 1.34582. It has broken major resistance at 1.3585 and jumped till 1.3620 level highest since Sep 2017. It is currently trading around 1.36152.
- Market eyes US CPI and retail sales data to be released today for further direction.
- The pair has taken support near 20- day MA at 1.3455 and any break below will drag the pair to next level till 1.3430/1.34020 (61.8% retracement). Short term bullish invalidation only below 1.3330. The near term support is around 1.3550/1.3500.
- The near term resistance is around 1.3655 (Sep 20th 2017 high) and any break above will take the pair to next level till 1.3700/1.3755. Bullish continuation only above 1.3650.
It is good to buy on dips around 1.3580 with SL around 1.353 for the TP of 1.3650/1.3700.
.


FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro- Major Crypto levels and bias summary
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro- Major Pair levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: GBP/AUD edges lower, bearish outlook persists 



