The cable has resumed its bearish trend, after breaking resistance level at 1.5428, The pair is all set to move downwards in quick succession towards next support levels, therefore its good to sell at current market price.
- Currently the cable is trading round 1.5422 levels, it is set to decline further towards 1.5370 later towards 1.5320 levels.
- To the upside, the strong resistance can be seen at 1.5458, a break above this level would expose to cable to next resistance level at 1.5486 (61.8% Retracement Level).
- To the downside immediate support can be seen at 1.5390, a break below at this level will open the door towards next level at 1.5361(July 10th lows).
Recommendation: Go short below 1.5425, targets 1.5370, 1.5330, SL 1.5550
Resistance Levels
R1: 1.5428 (38.2% Retracement Level)
R2: 1.5458 (AnchorAnchor50 % Retracement Level)
R3: 1.5486 (61.8% Retracement Level)
Support Levels
S1: 1.5390 (23.6% Retracement Levels)
S2: 1.5361(July 10th lows)
S3: 1.5327 (July 8th lows)


FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Institutional Fever: Is Bitcoin Gearing Up for a Historic 80,000 USD Run?
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD momentum strongly bearish despite pause in losses
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD stuck in range but maintains bearish bias
FxWirePro: USD/CAD dips as Canadian dollar gains on oil surge and soft U.S. payrolls
Bitcoin’s Institutional Tug-of-War: Geopolitical Tensions Clash with USD 920 Million ETF Surge
FxWirePro- Major European Indices
NZDJPY Range Breakout Watch: Bulls Target 94.00 as Technical Consolidation Tightens
Ethereum Trade Alert: Accumulating at Support as Risk-On Sentiment Returns
FxWirePro: GBP/AUD recovers slightly but bias is still bearish
ETH Pulls Back to $ 2,020 After $ 2,200 Spike – Buy-the-Dip Setup Emerging?
FxWirePro: EUR/AUD drifts lower, could be on verge of bigger drop
FxWirePro- Woodies Pivot(Major) 



