The Cable has slipped backwards from 1.5336 levels, weighted down by yesterday's negative UK GDP figures. However, the pair made a rebound towards 1.5313 levels earlier trading hours before slipping back below 50% fib levels. The currency pair is trading below pivot point at 1.5290 which suggests further bearish momentum is in place for this pair.Therefore it's good to sell this pair on rallies.
- To the upside, the strong resistance can be seen at 1.5306, a break above this level would expose the pair towards next resistance level at 1.5353.
- To the downside immediate support can be seen at 1.5260, a break below at this level will open the door towards next level at 1.5200.
Recommendation: Go short below 1.5300, targets 1.5250, 1.5200, SL 1.5370
Resistance Levels
R1: 1.5306 (50% Retracement level)
R2: 1.5353 (61.8% Retracement level)
R3: 1.5381 (Oct 26th high)
Support Levels
S1: 1.5260 (38.2 % Retracement level)
S2: 1.5200 (23.6 % Retracement level)
S3: 1.5137 (Oct 5th lows)


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD edges lower, remains on bearish path
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: USD/CNY hovers near 3-1/2 year low, scope for further downside
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro: USD/JPY steadies around 159.30, bias bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro: AUD/USD drifts back to familiar territory post-US CPI
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro: USD/ZAR recovers as traders assess US and South African data
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
JPY Majors Currency Score (15 min): NZDJPY Crashes to Extreme Bearish -100, CHFJPY Turns Sharply Bearish
Buy the Dip? AUDJPY Holds Trendline Support Near 112
JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80 



