• GBP/USD steadied 1.3200 level on Monday as the Bank of England (BoE) remained cautious about committing to a predetermined rate-cut path.
• BoE's Bailey said that interest rates would have to remain restrictive for sufficiently long and the course will therefore be a steady one .
• Investors were pricing a roughly one in three chance of the BoE cutting interest rates by a further quarter-point at its September meeting.
• Technical signals are strongly bullish as RSI is at 75, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.3228( 23.6%fib), any close above will push the pair towards 1.3253( Higher BB)
• Strong support is seen at 1.3138(38.2%fib) and break below could take the pair towards 1.3083 (Aug 23rd low).
Recommendation: Good to buy around 1.3190, with stop loss of 1.3100 and target price of 1.3280.


FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 



