•GBP/USD pared earlier gains as investors digested weak UK retail sales data showed the biggest monthly drop since December 2023, following strong spending in April.
• Data showed,UK retail sales volumes saw their steepest decline since December 2023 in May, as consumer demand eased following a spending surge in April, official data showed Friday.
• UK retail sales volumes fell 2.7% in May, far exceeding the median forecast of a 0.5% drop, according to the Office for National Statistics.
• The data was released alongside government borrowing figures, which showed a slightly larger-than-expected budget deficit of £17.7 billion ($23.88 billion) for May.
• Technical indicators support a bullish outlook, with RSI holding steady at 50 and the pair trading above the 5-, 9-, and 11-day moving averages.
• Immediate resistance is located at 1.3597(23.6%fib), any close above will push the pair towards 1.3649(Higher BB)
• Strong support is seen at 1.3389(38.2%fib) and break below could take the pair towards 1.3214(50%fib).
Recommendation: Good to buy around 1.3450 with stop loss of 1.3350 and target price of 1.3560


AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Surges on Broad-Based Canadian Dollar Buying 



