GBP/USD recovered some ground today in the early European session after shedding more than 100pips on hawkish FOMC meeting yesterday. The cable is currently trading with oversold condition and a short squeeze towards immediate resistance can be expected. The currency pair is trading below downward trend line in daily chart and pivot point located at 1.5285, therefore it's good to sell this pair on rallies.
- To the upside, the strong resistance can be seen at 1.5351, a break above this level would expose the cable to next resistance level at 1.5400.
- To the downside immediate support can be seen at 1.5248, a break below at this level will open the door towards next level at 1.5203.
Recommendation: Go short below 1.5280, targets 1.5220, 1.5170, SL 1.5350
Resistance Levels
R1: 1.5305 (50% Retracement level)
R2: 1.5351 (61.8% Retracement level)
R3: 1.5382 (Oct 26th high)
Support Levels
S1: 1.5248 (38.2% Retracement level)
S2: 1.5203 (23.6% Retracement level)
S3: 1.5160 (Sep 4th lows)


Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/ZAR edges higher, set to stay on back foot
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 



