GBP/USD has lost some ground to dollar to trade around 1.5187 levels after slipping from 1.5263 levels. The cable is currently trading in oversold condition and a rebound towards higher levels can be expected sooner or later.
- The pair is supported by raising trend line in 4 hours chart and is trading above daily pivot point is located at 1.5180,which indicate further upside for this pair, therefore it's good to buy this pair around 1.5180 levels.
- To the upside, the strong resistance can be seen at 1.5263, a break above this level would expose the cable to next resistance level at 1.5300.
- To the downside immediate support can be seen at 1.5190, a break below at this level will open the door towards next level at 1.5132.
Recommendation: Buy around 1.580, targets 1.5220, 1.4270, SL 1.5120
Resistance Levels
R1: 1.5263 (Daily high)
R2: 1.5300 (Psychological levels)
R3: 1.5329 (Sep 29th high)
Support Levels
S1: 1.5190 (50% Retracement level)
S2: 1.5132 (Nov 11th low)
S3: 1.5042 (61.8% Retracement level)


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: GBP/AUD falls after BoE rate hold
JPY Major Currency Score
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 



