• GBP/USD dipped to hit 5-week low on Friday as investors weighed a possible leadership challenge to Prime Minister Keir Starmer from Andy Burnham, while also remaining concerned about inflation risks.
.•Andy Burnham said he would contest a vacant parliamentary seat, potentially paving the way for a leadership challenge to Keir Starmer after Labour’s poor local election performance last week..
• Investors fear Andy Burnham’s “business-friendly socialism” could lead to higher government spending and borrowing, adding pressure to Britain’s strained public finances.
•Separately, global markets were spooked by the prospect of escalation in the Iran conflict after U.S. President Donald Trump said his patience with Tehran was running out.
•Oil prices rose, with Brent crude gaining more than 2%, raising inflation concerns for the UK if disruptions in the Strait of Hormuz continue and energy prices remain high.
• Immediate resistance is located at 1.3413( Daoly high), any close above will push the pair towards 1.3455(50%fib)
• Strong support is seen at 1.3296(38.2%fib) and break below could take the pair towards 1.3184(April 3rd low).
Recommendation: Good to selll around 1.3400, with stop loss of 1.3470 and target price of 1.3230


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: EUR/AUD edges higher but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/NZD slips as Middle East tensions fuel risk aversion
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
FxWirePro :USD/JPY hovers near 40-year high, bias bullish
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong
FxWirePro:EUR/NZD extends decline, key support lies ahead
FxWirePro: GBP/AUD caught in narrow range, bias neutral
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar 



