- Cable shown a minor recovery on account of better than expected UK CPI data. The pair formed a bottom around 1.2635 and jumped till 1.27713. It is currently trading around 1.27290.
- UK headline CPI number came in at 2.9% up from 2.7% in April and core CPI was at 2.6 % compared to forecast of 2.3%.
- On the lower side the pair near term support is around 1.2614 and any break below will drag the pair till , a decline till 1.2585/ (200- day MA)/1.2470 (61.8% retracement of 1.21088 and 1.30470) likely.
- The near term minor resistance is around 1.2780 (support turned into resistance) and any break above will take the pair till 1.2840 (50% retracement of 1.30476 and 1.26359)/1.2880 (21 EMA). The pair should break above 1.3050 for further bullish continuation.
It is good to sell on rallies around 1.2735-40, with SL around 1.2805 for the TP of 1.2635/1.2600.


FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY holding bid into weekend
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/USD biased higher but rally currently stretched 



