- Cable trading higher in Asian session and jumped almost 37 pips from low of 1.39640. The pair broken convincingly above 1.4000 level jumped till 1.40389. It is currently trading around 1.40307.
- UK GDP came slightly weaker than expected on Friday. The second revised estimate of was lowered to 0.4% down form the first estimate of 1.5%. But hawkish comments from BOE policy makers has is preventing the downside of Pound sterling.
- Technically on the lower side, near term support is around 1.39200 and any break below will drag the pair down till 1.38600/1.3800/1.37600 (Feb 9th low). Short term bullish invalidation below 1.3800 (Feb 14th low).
- The near term resistance is around 1.4050 and break above will take the pair till1.4145. The pair should break above 1.4145 for further upside.
It is good to buy on dips around 1.4005-1.4010 with SL around 1.3945 for the TP of 1.4145/1.4288
Resistance
R1-1.4070
R2 – 1.4145
R3-1.4200
Support
S1-1.3980
S2-1.3920
S3- 1.3860


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro:EUR/AUD eases but bullish outlook persists 



